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

Thompson Siegel & Walmsley LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392,069 shares of the information services provider’s stock after acquiring an additional 14,594 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Alphabet were worth $34,788,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Alphabet by 1,885.5% in the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after acquiring an additional 400,930,216 shares during the period. BlackRock Inc. raised its stake in shares of Alphabet by 1,857.3% during the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after buying an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after buying an additional 192,607,045 shares during the last quarter. State Street Corp raised its stake in shares of Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after buying an additional 186,809,281 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after buying an additional 59,964,963 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOG. JPMorgan Chase & Co. set a $118.00 price target on Alphabet in a research note on Thursday, February 9th. Robert W. Baird lifted their price target on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Bank of America boosted their target price on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Finally, Piper Sandler cut their target price on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $132.80.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.9 %

Shares of GOOG traded up $1.10 during trading on Friday, reaching $125.45. The company’s stock had a trading volume of 14,457,918 shares, compared to its average volume of 29,787,334. The company has a fifty day moving average of $109.26 and a two-hundred day moving average of $99.67. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $127.05. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 5.41 EPS for the current fiscal year.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.