Thompson Siegel & Walmsley LLC Buys 1,181 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Thompson Siegel & Walmsley LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 29.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,189 shares of the information services provider’s stock after buying an additional 1,181 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Alphabet were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Christopher J. Hasenberg Inc boosted its position in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares during the period. LMR Partners LLP purchased a new stake in Alphabet during the 3rd quarter valued at $32,000. Kings Path Partners LLC purchased a new stake in Alphabet during the 2nd quarter valued at $36,000. Denver PWM LLC purchased a new stake in Alphabet during the 2nd quarter valued at $41,000. Finally, Quarry LP purchased a new stake in Alphabet during the 2nd quarter valued at $53,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOGL shares. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Truist Financial raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JMP Securities lifted their target price on shares of Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group cut their target price on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the sale, the director now owns 28,524 shares of the company’s stock, valued at $4,385,565. This trade represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,624 shares of company stock worth $27,803,730. 11.55% of the stock is owned by company insiders.

Alphabet Stock Down 1.0 %

GOOGL opened at $172.64 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $169.30 and a 200-day moving average price of $170.31. Alphabet Inc. has a twelve month low of $129.68 and a twelve month high of $191.75. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.21 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating 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 firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the previous year, the company earned $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The firm 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 dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is 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.