Mastrapasqua Asset Management Inc. Has $6.56 Million Holdings in Alphabet Inc (GOOG)

Mastrapasqua Asset Management Inc. boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,214 shares of the information services provider’s stock after purchasing an additional 103 shares during the quarter. Alphabet comprises about 1.4% of Mastrapasqua Asset Management Inc.’s holdings, making the stock its 25th biggest holding. Mastrapasqua Asset Management Inc.’s holdings in Alphabet were worth $6,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Alphabet by 2.6% during the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 14,351 shares of the information services provider’s stock worth $13,041,000 after acquiring an additional 370 shares during the period. TRUE Private Wealth Advisors raised its stake in Alphabet by 19.9% during the 2nd quarter. TRUE Private Wealth Advisors now owns 331 shares of the information services provider’s stock worth $300,000 after acquiring an additional 55 shares during the period. R. G. Niederhoffer Capital Management Inc. raised its stake in Alphabet by 55.6% during the 2nd quarter. R. G. Niederhoffer Capital Management Inc. now owns 1,400 shares of the information services provider’s stock worth $1,272,000 after acquiring an additional 500 shares during the period. Winch Advisory Services LLC raised its stake in Alphabet by 8.3% during the 2nd quarter. Winch Advisory Services LLC now owns 4,432 shares of the information services provider’s stock worth $4,018,000 after acquiring an additional 341 shares during the period. Finally, Zweig DiMenna Associates LLC raised its stake in Alphabet by 20.1% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 18,032 shares of the information services provider’s stock worth $16,386,000 after acquiring an additional 3,012 shares during the period. 34.74% of the stock is currently owned by institutional investors.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the completion of the transaction, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David C. Drummond sold 1,496 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total value of $1,405,880.96. Following the transaction, the senior vice president now owns 52 shares of the company’s stock, valued at $48,867.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,396 shares of company stock valued at $38,242,981. 13.92% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on GOOG shares. Cowen reaffirmed an “outperform” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,047.96.

Shares of Alphabet Inc (NASDAQ:GOOG) traded up $12.55 during mid-day trading on Thursday, hitting $1,030.93. The stock had a trading volume of 1,458,220 shares, compared to its average volume of 1,488,228. Alphabet Inc has a twelve month low of $767.23 and a twelve month high of $1,062.38. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market cap of $698,379.25, a P/E ratio of 33.65 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same period in the prior year, the company earned $9.06 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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