Baron Silver Stevens Financial Advisors LLC Has $1.67 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Baron Silver Stevens Financial Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,063 shares of the information services provider’s stock after purchasing an additional 459 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Alphabet were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fairfield Financial Advisors LTD grew its position in shares of Alphabet by 0.4% in the 3rd quarter. Fairfield Financial Advisors LTD now owns 60,553 shares of the information services provider’s stock valued at $10,043,000 after acquiring an additional 244 shares during the period. O ROURKE & COMPANY Inc lifted its stake in Alphabet by 1.1% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 18,441 shares of the information services provider’s stock valued at $3,058,000 after purchasing an additional 203 shares during the last quarter. United Asset Strategies Inc. grew its holdings in Alphabet by 2.7% during the third quarter. United Asset Strategies Inc. now owns 180,346 shares of the information services provider’s stock worth $29,910,000 after purchasing an additional 4,756 shares during the period. Whelan Financial raised its stake in Alphabet by 5.3% in the third quarter. Whelan Financial now owns 3,509 shares of the information services provider’s stock valued at $582,000 after buying an additional 178 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of Alphabet by 33.2% in the third quarter. AustralianSuper Pty Ltd now owns 7,659,351 shares of the information services provider’s stock valued at $1,270,303,000 after buying an additional 1,910,692 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial increased their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Insider Activity

In related news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Frances Arnold sold 441 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the sale, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 241,752 shares of company stock valued at $40,156,829 over the last quarter. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $181.62 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $163.88 and a 200 day moving average price of $169.91. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The company has a market cap of $2.22 trillion, a P/E ratio of 24.09, a PEG ratio of 1.27 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 EPS. Research analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.