1,220 Shares in Alphabet Inc. $GOOG Acquired by MAS Advisors LLC

Key Points

• MAS Advisors LLC has acquired 1,220 shares of Alphabet Inc. valued at approximately $216,000, as revealed in their Form 13F filing with the SEC.
• In the past quarter, insider sales included CEO Sundar Pichai selling 32,500 shares for nearly $6 million, reducing his ownership by 1.27%.
• Alphabet's second quarter earnings report exceeded expectations, with an EPS of $2.31 and revenue of $96.43 billion, reflecting a 13.8% year-over-year increase.

MAS Advisors LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,220 shares of the information services provider's stock, valued at approximately $216,000.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC boosted its holdings in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares during the period. Robbins Farley boosted its holdings in Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after purchasing an additional 60 shares during the period. MorganRosel Wealth Management LLC bought a new position in Alphabet in the 1st quarter valued at $26,000. Greykasell Wealth Strategies Inc. bought a new position in Alphabet in the 1st quarter valued at $32,000. Finally, Goodman Advisory Group LLC bought a new position in Alphabet in the 1st quarter valued at $32,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,738 shares of company stock worth $59,135,475 in the last 90 days. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James Financial restated an "outperform" rating and set a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Lake Street Capital restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. KeyCorp set a $265.00 price objective on shares of Alphabet in a research report on Wednesday, September 3rd. Finally, Jefferies Financial Group raised their price objective on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $237.68.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $245.46 on Thursday. The stock has a market cap of $2.97 trillion, a PE ratio of 26.14, a PEG ratio of 1.67 and a beta of 1.00. The company's fifty day moving average is $225.03 and its 200 day moving average is $188.71. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $256.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. Research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Alphabet Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.