Baron Silver Stevens Financial Advisors LLC Has $1.47 Million Holdings in Alphabet Inc. $GOOG

Baron Silver Stevens Financial Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 22.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,258 shares of the information services provider’s stock after acquiring an additional 1,491 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Alphabet were worth $1,465,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principia Wealth Advisory LLC increased its position in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new position in Alphabet in the 1st quarter worth about $26,000. Goodman Advisory Group LLC acquired a new position in Alphabet in the 1st quarter worth about $32,000. Greykasell Wealth Strategies Inc. acquired a new position in Alphabet in the 1st quarter worth about $32,000. Finally, Elevate Wealth Advisory Inc. acquired a new position in Alphabet in the 1st quarter worth about $34,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $243.55 on Wednesday. The business has a 50 day moving average price of $218.70 and a 200 day moving average price of $185.47. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $256.70. The company has a market cap of $2.95 trillion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.65 and a beta of 1.01. 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) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the prior year, the company earned $1.89 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts predict 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 paid a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 8.95%.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 103 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares of the company’s stock, valued at $4,236,785. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,469 shares of company stock worth $46,586,752 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOG. Scotiabank upped their target price on Alphabet from $200.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Roth Capital reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a report on Wednesday, September 3rd. Cowen reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.35.

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.