Thompson Siegel & Walmsley LLC Has $51.99 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Thompson Siegel & Walmsley LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,957 shares of the information services provider’s stock after selling 31,102 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Alphabet were worth $51,989,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOG. Tradewinds LLC. lifted its position in Alphabet by 3.3% during the 3rd quarter. Tradewinds LLC. now owns 42,092 shares of the information services provider’s stock worth $7,037,000 after buying an additional 1,358 shares in the last quarter. John G Ullman & Associates Inc. grew its stake in shares of Alphabet by 5.8% during the third quarter. John G Ullman & Associates Inc. now owns 1,835 shares of the information services provider’s stock valued at $307,000 after purchasing an additional 100 shares during the last quarter. Overbrook Management Corp increased its holdings in shares of Alphabet by 7.9% in the third quarter. Overbrook Management Corp now owns 159,459 shares of the information services provider’s stock valued at $26,660,000 after purchasing an additional 11,679 shares in the last quarter. Intech Investment Management LLC raised its position in Alphabet by 26.5% in the 3rd quarter. Intech Investment Management LLC now owns 821,450 shares of the information services provider’s stock worth $137,338,000 after purchasing an additional 172,077 shares during the last quarter. Finally, Cornerstone Advisors LLC boosted its position in Alphabet by 0.6% in the 3rd quarter. Cornerstone Advisors LLC now owns 591,000 shares of the information services provider’s stock valued at $98,809,000 after buying an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. The trade was a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,295 shares of company stock worth $30,698,791. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Scotiabank initiated coverage on shares of Alphabet in a research report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 target price for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Trading Down 1.3 %

NASDAQ GOOG opened at $177.33 on Thursday. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50 day moving average price is $168.65 and its two-hundred day moving average price is $171.91. The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.26 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

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.