Baron Silver Stevens Financial Advisors LLC Sells 476 Shares of Alphabet Inc. (NASDAQ:GOOG)

Baron Silver Stevens Financial Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 6.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,767 shares of the information services provider’s stock after selling 476 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Alphabet were worth $1,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Alphabet by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 133,607 shares of the information services provider’s stock worth $22,338,000 after purchasing an additional 883 shares during the period. Cordatus Wealth Management LLC grew its position in shares of Alphabet by 1.0% during the 3rd quarter. Cordatus Wealth Management LLC now owns 42,885 shares of the information services provider’s stock worth $7,170,000 after buying an additional 414 shares during the period. Whelan Financial grew its position in shares of Alphabet by 4.9% during the 3rd quarter. Whelan Financial now owns 3,210 shares of the information services provider’s stock worth $537,000 after buying an additional 151 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of Alphabet by 3.1% during the third quarter. Rosenberg Matthew Hamilton now owns 11,724 shares of the information services provider’s stock worth $1,960,000 after buying an additional 358 shares during the last quarter. Finally, Petra Financial Advisors Inc. acquired a new position in Alphabet in the third quarter valued at approximately $250,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer lifted their price objective on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Barclays boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen increased their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Stock Performance

Shares of Alphabet stock opened at $172.69 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 2.08. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. The stock’s 50-day moving average is $163.71 and its 200-day moving average is $170.32. Alphabet Inc. has a one year low of $123.93 and a one year high of $193.31.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Equities analysts predict that Alphabet Inc. will post 7.83 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,744 shares of company stock worth $35,878,764. Insiders own 12.99% of the company’s stock.

About Alphabet

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.