Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by S.A. Mason LLC

S.A. Mason LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,432 shares of the information services provider’s stock after selling 330 shares during the period. Alphabet makes up about 1.0% of S.A. Mason LLC’s investment portfolio, making the stock its 23rd biggest holding. S.A. Mason LLC’s holdings in Alphabet were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DE Burlo Group Inc. lifted its position in shares of Alphabet by 520.0% during the second quarter. DE Burlo Group Inc. now owns 96,498 shares of the information services provider’s stock worth $11,551,000 after purchasing an additional 80,934 shares during the last quarter. West Tower Group LLC bought a new position in Alphabet in the second quarter worth about $88,000. Ballast Advisors LLC lifted its holdings in Alphabet by 9.6% in the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after acquiring an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC lifted its holdings in Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after acquiring an additional 564 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Alphabet by 2.4% in the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after acquiring an additional 104,366 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wedbush raised their target price on shares of Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Wolfe Research raised their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Citigroup raised their price target on shares of Alphabet from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on shares of Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.48.

View Our Latest Stock Report on GOOGL

Alphabet Trading Up 0.0 %

Shares of NASDAQ:GOOGL opened at $150.93 on Friday. The firm has a fifty day moving average of $143.67 and a two-hundred day moving average of $138.21. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. Alphabet Inc. has a 12-month low of $99.78 and a 12-month high of $153.78. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the business posted $1.05 EPS. On average, equities analysts expect that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity

In other news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the transaction, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the transaction, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 263,312 shares of company stock worth $37,268,315. 0.88% of the stock is owned by corporate insiders.

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

See Also

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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