Staley Capital Advisers Inc. Has $123.59 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Staley Capital Advisers Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 648,985 shares of the information services provider's stock after selling 6,111 shares during the quarter. Alphabet comprises approximately 5.5% of Staley Capital Advisers Inc.'s investment portfolio, making the stock its 3rd biggest holding. Staley Capital Advisers Inc.'s holdings in Alphabet were worth $123,593,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in Alphabet during the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth approximately $33,000. Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. Finally, FPC Investment Advisory Inc. raised its holdings in Alphabet by 287.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock worth $46,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $165.98 on Wednesday. Alphabet Inc. has a fifty-two week low of $138.21 and a fifty-two week high of $208.70. The company has a market cap of $2.02 trillion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm has a fifty day moving average price of $188.87 and a two-hundred day moving average price of $178.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet's dividend payout ratio is 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reaffirmed an "outperform" rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $209.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,182 shares of company stock valued at $18,192,354. Corporate insiders own 12.99% of the company's stock.

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.

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