Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Mason & Associates Inc

Posted by Defense World Staff on Oct 10th, 2023

Mason & Associates Inc raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,489 shares of the information services provider’s stock after acquiring an additional 169 shares during the quarter. Mason & Associates Inc’s holdings in Alphabet were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Live Oak Investment Partners purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $26,000. Armor Investment Advisors LLC purchased a new stake in shares of Alphabet during the second quarter valued at approximately $28,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet during the third quarter valued at approximately $38,000. Finally, IAG Wealth Partners LLC raised its stake in shares of Alphabet by 100.0% during the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 200 shares during the period. 35.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. Wedbush began coverage on shares of Alphabet in a research note on Monday, August 21st. They issued an “outperform” rating and a $160.00 price target for the company. Citigroup lifted their price target on shares of Alphabet from $130.00 to $153.00 in a research note on Wednesday, July 26th. Truist Financial lifted their price target on shares of Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. 888 restated a “downgrade” rating on shares of Alphabet in a research note on Monday, June 26th. Finally, Robert W. Baird lifted their price target on shares of Alphabet from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.86.

View Our Latest Report on Alphabet

Insiders Place Their Bets

In other news, insider John Kent Walker sold 42,900 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.51, for a total value of $5,856,279.00. Following the transaction, the insider now owns 10,383 shares in the company, valued at approximately $1,417,383.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ann Mather sold 220 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $121.75, for a total value of $26,785.00. Following the completion of the sale, the director now owns 4,759 shares of the company’s stock, valued at approximately $579,408.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 42,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.51, for a total value of $5,856,279.00. Following the completion of the sale, the insider now directly owns 10,383 shares of the company’s stock, valued at approximately $1,417,383.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,091 shares of company stock worth $13,527,476. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $138.42 on Tuesday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $139.16. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.58 and a beta of 1.06. The firm has a 50-day moving average of $132.75 and a two-hundred day moving average of $122.01.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same period in the prior year, the company earned $1.21 EPS. As a group, analysts expect that Alphabet Inc. will post 5.68 earnings per share for the current fiscal year.

Alphabet Company Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.