Mason & Associates Inc Buys 8,452 Shares of Alphabet Inc. (NASDAQ:GOOG)

Mason & Associates Inc increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 121.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,425 shares of the information services provider’s stock after buying an additional 8,452 shares during the quarter. Alphabet accounts for about 0.6% of Mason & Associates Inc’s investment portfolio, making the stock its 28th largest position. Mason & Associates Inc’s holdings in Alphabet were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Towerpoint Wealth LLC increased its holdings in Alphabet by 44.3% during the 1st quarter. Towerpoint Wealth LLC now owns 6,777 shares of the information services provider’s stock valued at $1,032,000 after purchasing an additional 2,079 shares in the last quarter. Cypress Wealth Services LLC increased its holdings in Alphabet by 3.7% during the 1st quarter. Cypress Wealth Services LLC now owns 16,402 shares of the information services provider’s stock valued at $2,497,000 after purchasing an additional 586 shares in the last quarter. Hengehold Capital Management LLC increased its holdings in Alphabet by 17.7% during the 1st quarter. Hengehold Capital Management LLC now owns 5,019 shares of the information services provider’s stock valued at $764,000 after purchasing an additional 753 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Alphabet by 46.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 21,531 shares of the information services provider’s stock valued at $3,278,000 after purchasing an additional 6,831 shares in the last quarter. Finally, Courier Capital LLC increased its holdings in Alphabet by 0.7% during the 1st quarter. Courier Capital LLC now owns 92,502 shares of the information services provider’s stock valued at $14,084,000 after purchasing an additional 636 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $166.99 on Friday. The stock has a market capitalization of $2.06 trillion, a PE ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The business’s 50 day simple moving average is $163.31 and its 200 day simple moving average is $169.88.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same period in the previous year, the company posted $1.44 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. As a group, research analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOG. Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. UBS Group lowered their target price on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer reduced their target price on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Company Profile

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.