Alphabet Inc. $GOOG Stock Position Lifted by Baron Silver Stevens Financial Advisors LLC

Key Points

• Baron Silver Stevens Financial Advisors LLC increased its holdings in Alphabet Inc. by 22.0% in Q2, now owning 8,258 shares valued at approximately $1.465 million.
• Alphabet's latest quarterly earnings report showed a profit of $2.31 per share, beating estimates by $0.19 and reflecting a 13.8% year-over-year revenue growth.
• Analyst ratings for Alphabet include four Strong Buy and nineteen Buy ratings, with a consensus rating of Moderate Buy and an average price target of $230.35.

Baron Silver Stevens Financial Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,258 shares of the information services provider's stock after purchasing 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 filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Independence Bank of Kentucky grew its stake in shares of Alphabet by 10.2% in the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock worth $2,329,000 after purchasing an additional 1,376 shares in the last quarter. RDA Financial Network lifted its holdings in shares of Alphabet by 5.3% in the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider's stock valued at $1,968,000 after buying an additional 554 shares during the period. Fermata Advisors LLC lifted its holdings in shares of Alphabet by 2.7% in the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after buying an additional 259 shares during the period. Oldfather Financial Services LLC acquired a new stake in shares of Alphabet in the second quarter valued at $213,000. Finally, Members Trust Co lifted its holdings in shares of Alphabet by 84.7% in the first quarter. Members Trust Co now owns 4,999 shares of the information services provider's stock valued at $781,000 after buying an additional 2,292 shares during the period. Institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. Raymond James Financial restated an "outperform" rating and issued a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Citizens Jmp upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, September 8th. Finally, Barclays restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $230.35.

Alphabet Trading Down 0.3%

NASDAQ:GOOG opened at $243.55 on Wednesday. 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 Inc. has a 1-year low of $142.66 and a 1-year high of $256.70. The firm has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. The stock has a fifty day simple moving average of $218.70 and a 200 day simple moving average of $185.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. During the same quarter last year, the company posted $1.89 EPS. Alphabet's revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction dated 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 directly owned 17,293 shares of the company's stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,469 shares of company stock worth $46,586,752. 12.99% of the stock is currently owned by company insiders.

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.

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