Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Mastrapasqua Asset Management Inc.

Mastrapasqua Asset Management Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,923.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 163,612 shares of the information services provider’s stock after acquiring an additional 155,525 shares during the period. Alphabet comprises approximately 2.3% of Mastrapasqua Asset Management Inc.’s portfolio, making the stock its 6th largest position. Mastrapasqua Asset Management Inc.’s holdings in Alphabet were worth $15,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Alphabet by 1,872.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock worth $1,758,856,000 after purchasing an additional 17,365,189 shares during the period. Baillie Gifford & Co. boosted its stake in Alphabet by 1,879.5% in the 3rd quarter. Baillie Gifford & Co. now owns 11,694,544 shares of the information services provider’s stock worth $1,124,431,000 after purchasing an additional 11,103,769 shares during the period. Nordea Investment Management AB boosted its stake in Alphabet by 1,899.8% in the 3rd quarter. Nordea Investment Management AB now owns 6,677,522 shares of the information services provider’s stock worth $654,531,000 after purchasing an additional 6,343,615 shares during the period. Truist Financial Corp boosted its stake in Alphabet by 1,861.3% in the 3rd quarter. Truist Financial Corp now owns 4,489,234 shares of the information services provider’s stock worth $431,640,000 after purchasing an additional 4,260,344 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Alphabet by 2,162.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,441,092 shares of the information services provider’s stock worth $427,010,000 after purchasing an additional 4,244,758 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

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A number of equities analysts have recently commented on GOOG shares. UBS Group set a $115.00 price objective on shares of Alphabet in a research note on Thursday, January 12th. Raymond James reduced their price objective on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Cowen reduced their price objective on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price objective on shares of Alphabet in a research note on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $140.56.

Alphabet Stock Up 5.7 %

Alphabet stock opened at $99.28 on Friday. The stock has a market cap of $1.28 trillion, a P/E ratio of 19.72, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10. The company’s 50-day moving average price is $93.52 and its two-hundred day moving average price is $102.16.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. As a group, analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.