Sivia Capital Partners LLC Takes $2.60 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Sivia Capital Partners LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,469 shares of the information services provider’s stock, valued at approximately $2,603,000. Alphabet comprises about 1.4% of Sivia Capital Partners LLC’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Spartan Planning & Wealth Management boosted its holdings in shares of Alphabet by 74.7% during the 4th quarter. Spartan Planning & Wealth Management now owns 7,920 shares of the information services provider’s stock valued at $1,116,000 after acquiring an additional 3,387 shares during the last quarter. Cove Private Wealth LLC bought a new position in shares of Alphabet in the 4th quarter worth approximately $2,709,000. Wahed Invest LLC lifted its stake in shares of Alphabet by 6.7% in the 4th quarter. Wahed Invest LLC now owns 85,493 shares of the information services provider’s stock worth $12,049,000 after purchasing an additional 5,343 shares during the period. Objective Capital Management LLC lifted its stake in shares of Alphabet by 7.6% in the 4th quarter. Objective Capital Management LLC now owns 3,971 shares of the information services provider’s stock worth $560,000 after purchasing an additional 280 shares during the period. Finally, SageView Advisory Group LLC lifted its stake in shares of Alphabet by 3.9% in the 4th quarter. SageView Advisory Group LLC now owns 12,628 shares of the information services provider’s stock worth $1,933,000 after purchasing an additional 475 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the sale, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the transaction, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold a total of 158,458 shares of company stock worth $25,731,103 over the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GOOG shares. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $165.67.

Alphabet Price Performance

NASDAQ GOOG opened at $178.78 on Tuesday. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $182.08. The stock has a market cap of $2.21 trillion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.32 and a beta of 1.01. The company’s 50 day moving average is $170.11 and its two-hundred day moving average is $152.83. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Dividend Announcement

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