Alphabet Inc. $GOOGL Shares Sold by Mason & Associates Inc

Key Points

• Mason & Associates cut its Alphabet stake by 8.7% in the second quarter, selling 1,749 shares and retaining 18,391 shares worth approximately $6.6 million. Institutional investors collectively own about 40% of Alphabet.
• Alphabet reported quarterly EPS of $9.11, substantially exceeding the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and a $420.19 price target. Alphabet also pays a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.

Mason & Associates Inc lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,391 shares of the information services provider's stock after selling 1,749 shares during the quarter. Alphabet comprises about 1.0% of Mason & Associates Inc's investment portfolio, making the stock its 27th biggest position. Mason & Associates Inc's holdings in Alphabet were worth $6,572,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in Alphabet by 0.5% during the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Alphabet by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock valued at $11,927,189,000 after purchasing an additional 583,078 shares in the last quarter. Amundi lifted its holdings in Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider's stock valued at $9,128,850,000 after purchasing an additional 3,574,810 shares in the last quarter. Nuveen LLC boosted its stake in shares of Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after purchasing an additional 478,848 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Alphabet by 14.3% during the fourth quarter. Jennison Associates LLC now owns 21,851,279 shares of the information services provider's stock worth $6,839,450,000 after buying an additional 2,729,364 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. KeyCorp raised their price objective on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Finally, DA Davidson set a $350.00 price objective on Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and a consensus price target of $420.19.

Alphabet Price Performance

GOOGL stock opened at $344.98 on Wednesday. The stock has a 50-day moving average price of $345.97 and a two-hundred day moving average price of $344.38. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.22 trillion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, research analysts predict that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 82 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,875 shares of company stock worth $11,984,482 over the last ninety days. 11.61% of the stock is owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo plans to launch a fully autonomous commercial taxi service in Tokyo in 2027 with Japanese partners, following its expansion into Las Vegas. The moves provide a potential long-term growth avenue beyond advertising and cloud computing. Waymo, Japanese partners target driverless taxi service in Tokyo in 2027
• Positive Sentiment: Analysts and market commentary continue to highlight Alphabet’s relatively inexpensive valuation, rapidly expanding Google Cloud backlog and potential for approximately 50% upside if cloud growth and AI monetization continue. A nuclear-power agreement with Fortum could also support the electricity needs of its energy-intensive data centers. Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six
• Neutral Sentiment: OpenAI, Google DeepMind and Anthropic are discussing cooperation on AI safety and standards. Collaboration may reduce catastrophic-risk concerns and support clearer regulation, but it also underscores growing political scrutiny of frontier AI. OpenAI, Google, Anthropic discussing collaboration on AI safety issues
• Negative Sentiment: Proposed Senate legislation could give federal regulators authority to block or impose conditions on powerful AI models. Investors are concerned that such restrictions could delay product launches and affect the value of Alphabet’s large Cloud backlog. Senate’s Proposed AI Kill Switch Could Give Washington Veto Power Over Google’s Frontier Models
• Negative Sentiment: Investors are questioning the impact of heavy AI infrastructure spending on free cash flow. Reports that Alphabet has paused buybacks while its share count rises could reduce near-term shareholder returns and increase pressure on earnings conversion. What Happens To Alphabet Stock If Free Cash Flow Stays Negative?
• Negative Sentiment: Higher crude prices, elevated Treasury yields, expectations for another Federal Reserve rate increase and renewed uncertainty about AI demand pressured technology stocks broadly. Separate commentary also points to search-traffic headwinds and stronger digital-advertising growth at Reddit. Why is Alphabet stock falling today?

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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