Baltimore Washington Financial Advisors Inc. increased its position in Alphabet Inc (NASDAQ:GOOG) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,457 shares of the information services provider’s stock after purchasing an additional 165 shares during the period. Alphabet comprises about 1.8% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 22nd biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Alphabet were worth $8,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Burt Wealth Advisors boosted its stake in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in shares of Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after buying an additional 5 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after buying an additional 832 shares during the period. Almanack Investment Partners LLC. boosted its stake in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after buying an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the period. 34.74% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the transaction, the chief executive officer now owns 1,324 shares in the company, valued at approximately $1,223,852.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $36,837,100 in the last quarter. Insiders own 13.92% of the company’s stock.

Alphabet Inc (GOOG) opened at $1,077.14 on Tuesday. The company has a market cap of $739,400.25, a price-to-earnings ratio of 35.63 and a beta of 0.93. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,078.49. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $9.06 EPS.

GOOG has been the subject of a number of research reports. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 target price for the company. in a research note on Tuesday, August 22nd. UBS reissued an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Robert W. Baird reissued an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Saturday, August 26th. Finally, Monness Crespi & Hardt reissued a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company. Alphabet has a consensus rating of “Buy” and an average price target of $1,047.45.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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