Alphabet Inc. $GOOG Shares Acquired by Mason & Associates Inc

Mason & Associates Inc grew its position in Alphabet Inc. (NASDAQ:GOOG) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,512 shares of the information services provider’s stock after buying an additional 112 shares during the quarter. Mason & Associates Inc’s holdings in Alphabet were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. TSA Wealth Managment LLC acquired a new stake in shares of Alphabet in the second quarter valued at $211,000. Hartford Financial Management Inc. boosted its holdings in Alphabet by 1.3% in the second quarter. Hartford Financial Management Inc. now owns 25,512 shares of the information services provider’s stock valued at $4,526,000 after purchasing an additional 327 shares during the period. Rational Advisors Inc. purchased a new position in Alphabet in the second quarter valued at $632,000. City State Bank boosted its holdings in Alphabet by 3.8% in the second quarter. City State Bank now owns 18,169 shares of the information services provider’s stock valued at $3,223,000 after purchasing an additional 660 shares during the period. Finally, Fielder Capital Group LLC boosted its holdings in Alphabet by 2.7% in the second quarter. Fielder Capital Group LLC now owns 6,868 shares of the information services provider’s stock valued at $1,218,000 after purchasing an additional 183 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GOOG shares. KeyCorp set a $265.00 target price on Alphabet in a report on Wednesday, September 3rd. Barclays reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Robert W. Baird lifted their target price on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. UBS Group set a $255.00 target price on Alphabet and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Hsbc Global Res raised Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $280.45.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 103 shares of Alphabet stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39. Following the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director owned 5,116 shares in the company, valued at $1,242,778.72. This trade represents a 10.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 246,150 shares of company stock valued at $55,805,379. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 3.6%

GOOG opened at $269.93 on Tuesday. The business’s 50-day simple moving average is $238.65 and its 200-day simple moving average is $197.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a one year low of $142.66 and a one year high of $270.80. The stock has a market capitalization of $3.26 trillion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.

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.