Baron Silver Stevens Financial Advisors LLC Buys 209 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Baron Silver Stevens Financial Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 70.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507 shares of the information services provider’s stock after buying an additional 209 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Alphabet were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Affinity Capital Advisors LLC boosted its holdings in Alphabet by 1.3% during the 4th quarter. Affinity Capital Advisors LLC now owns 310 shares of the information services provider’s stock valued at $898,000 after acquiring an additional 4 shares during the period. Summit Financial Strategies Inc. boosted its holdings in Alphabet by 1.3% during the 4th quarter. Summit Financial Strategies Inc. now owns 322 shares of the information services provider’s stock valued at $933,000 after acquiring an additional 4 shares during the period. Palisades Hudson Asset Management L.P. boosted its holdings in Alphabet by 1.1% during the 4th quarter. Palisades Hudson Asset Management L.P. now owns 361 shares of the information services provider’s stock valued at $1,046,000 after acquiring an additional 4 shares during the period. AFT Forsyth & Company Inc. boosted its holdings in Alphabet by 0.3% during the 4th quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider’s stock valued at $3,427,000 after acquiring an additional 4 shares during the period. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Alphabet by 6.8% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider’s stock valued at $175,000 after acquiring an additional 4 shares during the period. Institutional investors own 41.70% of the company’s stock.

Alphabet Trading Down 1.3 %

NASDAQ:GOOGL opened at $114.86 on Tuesday. The firm has a market cap of $1.51 trillion, a P/E ratio of 21.37, a PEG ratio of 1.88 and a beta of 1.08. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $154.53 and its 200-day simple moving average is $138.55. Alphabet Inc. has a 12-month low of $101.88 and a 12-month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the previous year, the company earned $27.26 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 5.22 EPS for the current year.

Analyst Ratings Changes

GOOGL has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “maintains” rating on shares of Alphabet in a report on Wednesday, July 27th. Moffett Nathanson decreased their price objective on Alphabet to $132.50 in a research note on Thursday, May 26th. BMO Capital Markets decreased their price objective on Alphabet from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. MKM Partners decreased their price objective on Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Finally, Exane BNP Paribas cut Alphabet from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.29.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder 2021 Gp L.L.C. Gv bought 255,647 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were bought at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the transaction, the insider now owns 479,695 shares in the company, valued at $16,621,431.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 1,109 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,737 shares of company stock worth $11,549,847 over the last three months. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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