Alphabet Inc. $GOOGL Shares Acquired by Baring Financial LLC

Baring Financial LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,820 shares of the information services provider’s stock after buying an additional 80 shares during the quarter. Baring Financial LLC’s holdings in Alphabet were worth $673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Brighton Jones LLC boosted its position in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Alphabet in the fourth quarter valued at $449,000. Fire Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth $374,000. Finally, Milestone Asset Management Group LLC purchased a new stake in Alphabet during the 4th quarter worth about $2,201,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 15,000 shares of the company’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00. Following the completion of the sale, the director owned 240,400 shares in the company, valued at $44,656,704. This represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders have sold 258,088 shares of company stock valued at $52,405,304 in the last 90 days. Company insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $245.79 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The firm has a market capitalization of $2.97 trillion, a P/E ratio of 26.18, a P/E/G ratio of 1.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company’s fifty day moving average price is $214.70 and its 200 day moving average price is $182.46.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is 8.95%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent research reports. Citizens Jmp lifted their price objective on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Robert W. Baird raised their target price on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of Alphabet from $184.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Morgan Stanley increased their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, BNP Paribas Exane restated a “neutral” rating and issued a $172.00 price objective on shares of Alphabet in a report on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.90.

Alphabet Company 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.