Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 7.2% in the 4th quarter, Holdings Channel reports. The fund owned 288,483 shares of the information services provider’s stock after selling 22,474 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Alphabet were worth $54,939,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the 3rd quarter worth $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter worth $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth $33,000. Noble Wealth Management PBC acquired a new stake in shares of Alphabet in the 4th quarter worth $43,000. Finally, FPC Investment Advisory Inc. lifted its stake in shares of Alphabet by 287.9% in the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GOOG shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $169.00 on Thursday. The company has a market cap of $2.06 trillion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $140.01 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50-day simple moving average of $188.44 and a 200-day simple moving average of $178.02.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,682 shares of company stock worth $17,901,024 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

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.