Baltimore Washington Financial Advisors Inc. Has $38.92 Million Stake in Alphabet Inc. $GOOG

Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 219,382 shares of the information services provider’s stock after acquiring an additional 3,844 shares during the period. Alphabet comprises 1.8% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 18th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Alphabet were worth $38,916,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GOOG. Carlson Capital L.P. lifted its stake in Alphabet by 273.9% in the second quarter. Carlson Capital L.P. now owns 8,600 shares of the information services provider’s stock valued at $1,526,000 after buying an additional 6,300 shares during the period. GM Advisory Group LLC lifted its holdings in shares of Alphabet by 20.0% in the second quarter. GM Advisory Group LLC now owns 56,913 shares of the information services provider’s stock valued at $10,096,000 after purchasing an additional 9,487 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Alphabet by 27.4% during the second quarter. Quadrant Capital Group LLC now owns 55,589 shares of the information services provider’s stock valued at $9,861,000 after purchasing an additional 11,963 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Alphabet by 36.1% in the second quarter. Vinva Investment Management Ltd now owns 352,961 shares of the information services provider’s stock valued at $62,922,000 after acquiring an additional 93,644 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its stake in Alphabet by 34.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 377 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 97 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total value of $9,640,800.00. Following the transaction, the chief executive officer directly owned 2,304,619 shares in the company, valued at $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the transaction, the director directly owned 4,516 shares in the company, valued at $1,264,750.96. This trade represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 227,850 shares of company stock valued at $58,874,814 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG opened at $320.28 on Thursday. The stock has a 50-day moving average price of $267.17 and a 200-day moving average price of $217.73. The firm has a market cap of $3.86 trillion, a PE ratio of 31.59, a P/E/G ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $328.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same period last year, the firm posted $2.12 earnings per share. Alphabet’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOG shares. TD Cowen increased their price target on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Wolfe Research raised their price target on Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Monday. Finally, Rosenblatt Securities set a $279.00 target price on Alphabet in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $304.62.

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.