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

Mastrapasqua Asset Management Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,483 shares of the information services provider’s stock after purchasing an additional 1,234 shares during the quarter. Alphabet accounts for 2.1% of Mastrapasqua Asset Management Inc.’s investment portfolio, making the stock its 9th biggest position. Mastrapasqua Asset Management Inc.’s holdings in Alphabet were worth $17,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Jmac Enterprises LLC boosted its holdings in Alphabet by 6.0% in the first quarter. Jmac Enterprises LLC now owns 17,707 shares of the information services provider’s stock valued at $1,842,000 after purchasing an additional 1,005 shares during the last quarter. Monarch Capital Management Inc. raised its holdings in Alphabet by 4.0% in the fourth quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock valued at $3,612,000 after acquiring an additional 1,562 shares in the last quarter. Matthew Goff Investment Advisor LLC grew its holdings in Alphabet by 4.2% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after acquiring an additional 300 shares in the last quarter. Meyer Handelman Co. increased its position in shares of Alphabet by 7.4% in the 1st quarter. Meyer Handelman Co. now owns 264,040 shares of the information services provider’s stock worth $27,460,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Galibier Capital Management Ltd. raised its stake in shares of Alphabet by 54.9% in the 4th quarter. Galibier Capital Management Ltd. now owns 10,502 shares of the information services provider’s stock valued at $932,000 after purchasing an additional 3,722 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $125.06 on Tuesday. The firm’s 50-day simple moving average is $122.02 and its 200 day simple moving average is $107.19. The stock has a market cap of $1.59 trillion, a P/E ratio of 27.85, a P/E/G ratio of 1.61 and a beta of 1.07. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $129.55.

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Alphabet (NASDAQ:GOOG – Get Free Report) last announced its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James lifted their price target on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. UBS Group lifted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Oppenheimer dropped their price target on Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Robert W. Baird lifted their price objective on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.14.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the sale, the director now directly owns 5,740 shares in the company, valued at $721,231. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $123.73, for a total value of $29,695.20. Following the transaction, the director now directly owns 12,800 shares in the company, valued at approximately $1,583,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the sale, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The disclosure for this sale can be found here. Insiders sold a total of 864,122 shares of company stock worth $29,751,580 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

About Alphabet

(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.