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

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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Elite Life Management LLC boosted its holdings in Alphabet by 1.6% in the 4th quarter. Elite Life Management LLC now owns 4,150 shares of the information services provider’s stock valued at $790,000 after purchasing an additional 65 shares during the last quarter. Impact Capital Partners LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $2,764,000. Madison Wealth Partners Inc lifted its holdings in shares of Alphabet by 5.9% in the 4th quarter. Madison Wealth Partners Inc now owns 2,015 shares of the information services provider’s stock worth $384,000 after acquiring an additional 112 shares during the last quarter. DecisionMap Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $740,000. Finally, IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 48.5% in the 4th quarter. IAG Wealth Partners LLC now owns 612 shares of the information services provider’s stock worth $116,000 after acquiring an additional 200 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOG. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Wedbush restated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Trading Up 1.8 %

Shares of NASDAQ:GOOG opened at $169.00 on Thursday. Alphabet Inc. has a 52 week low of $140.01 and a 52 week high of $208.70. The company’s 50 day moving average is $188.44 and its two-hundred day moving average is $178.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.06 trillion, a PE ratio of 20.99, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock valued at $17,901,024 in the last ninety days. Insiders own 12.99% of the company’s stock.

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.