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

Mason & Associates Inc raised its position in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 15,569 shares of the information services provider’s stock after acquiring an additional 144 shares during the quarter. Alphabet comprises about 0.7% of Mason & Associates Inc’s holdings, making the stock its 23rd biggest position. Mason & Associates Inc’s holdings in Alphabet were worth $2,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GOOG. Beck Bode LLC lifted its holdings in shares of Alphabet by 7.1% in the second quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after purchasing an additional 4,456 shares in the last quarter. WCG Wealth Advisors LLC lifted its stake in Alphabet by 20.3% in the 2nd quarter. WCG Wealth Advisors LLC now owns 26,937 shares of the information services provider’s stock valued at $4,941,000 after buying an additional 4,539 shares in the last quarter. Concorde Asset Management LLC acquired a new stake in Alphabet during the 2nd quarter valued at $218,000. Somerset Group LLC increased its position in Alphabet by 1.5% during the second quarter. Somerset Group LLC now owns 10,501 shares of the information services provider’s stock worth $1,926,000 after buying an additional 156 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Alphabet by 33.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 801 shares of the information services provider’s stock worth $147,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer increased their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $197.55 on Friday. The company has a market cap of $2.42 trillion, a P/E ratio of 26.20, a PEG ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a one year low of $131.55 and a one year high of $202.88. The business’s 50-day simple moving average is $185.56 and its 200 day simple moving average is $174.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Alphabet’s dividend payout ratio is presently 10.61%.

Alphabet 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.