Baltimore Washington Financial Advisors Inc. Has $8.94 Million Stock Holdings in Alphabet Inc. $GOOGL

Baltimore Washington Financial Advisors Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,727 shares of the information services provider’s stock after buying an additional 5,792 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Alphabet were worth $8,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GOOGL. Gimbal Financial increased its stake in shares of Alphabet by 1.9% in the second quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after purchasing an additional 53 shares during the period. Missouri Trust & Investment Co increased its position in Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after buying an additional 55 shares during the period. Silver Coast Investments LLC increased its position in Alphabet by 1.3% in the 2nd quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock worth $761,000 after buying an additional 55 shares during the period. AM Investment Strategies LLC lifted its holdings in shares of Alphabet by 0.9% during the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after buying an additional 57 shares during the last quarter. Finally, Bfsg LLC boosted its position in shares of Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after acquiring an additional 59 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $321.27 on Monday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.88 trillion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $328.83. The company’s 50-day moving average price is $276.15 and its two-hundred day moving average price is $224.91.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 226,128 shares of company stock worth $61,326,372. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Guggenheim reiterated a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research note on Monday, December 1st. Cantor Fitzgerald boosted their price objective on shares of Alphabet from $265.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. China Renaissance increased their target price on shares of Alphabet from $207.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada reissued a “buy” rating and set a $315.00 target price on shares of Alphabet in a research report on Tuesday, December 2nd. Finally, Robert W. Baird boosted their price target on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $312.65.

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.