Alphabet Inc. (NASDAQ:GOOG) Holdings Trimmed by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 653,609 shares of the information services provider’s stock after selling 3,470 shares during the period. Alphabet makes up 4.6% of Staley Capital Advisers Inc.’s portfolio, making the stock its 4th biggest position. Staley Capital Advisers Inc.’s holdings in Alphabet were worth $99,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont boosted its stake in shares of Alphabet by 3.0% during the 3rd quarter. Trust Co. of Vermont now owns 363,136 shares of the information services provider’s stock valued at $47,879,000 after buying an additional 10,486 shares during the period. Financial Insights Inc. purchased a new stake in shares of Alphabet during the third quarter worth $331,000. Raleigh Capital Management Inc. boosted its position in Alphabet by 10.4% during the third quarter. Raleigh Capital Management Inc. now owns 965 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 91 shares during the last quarter. Baron Wealth Management LLC grew its stake in Alphabet by 6.4% in the fourth quarter. Baron Wealth Management LLC now owns 4,520 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 272 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in Alphabet by 5.7% in the 4th quarter. Trust Co. of Toledo NA OH now owns 37,275 shares of the information services provider’s stock worth $5,253,000 after purchasing an additional 2,020 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Morgan Stanley restated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus lifted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,488 shares of company stock valued at $25,217,405. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

GOOG stock traded down $0.06 during mid-day trading on Friday, reaching $187.24. 3,765,834 shares of the stock traded hands, compared to its average volume of 20,628,277. The firm has a market capitalization of $2.31 trillion, a PE ratio of 28.74, a P/E/G ratio of 1.45 and a beta of 1.05. The business has a 50-day moving average of $178.83 and a two-hundred day moving average of $158.76. Alphabet Inc. has a 52 week low of $118.68 and a 52 week high of $193.31. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is 12.27%.

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.