Sivia Capital Partners LLC Has $3.15 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Sivia Capital Partners LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,700 shares of the information services provider’s stock after buying an additional 2,231 shares during the quarter. Alphabet comprises 2.1% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 12th largest holding. Sivia Capital Partners LLC’s holdings in Alphabet were worth $3,152,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Kennedy Capital Management LLC raised its holdings in Alphabet by 13.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 64,711 shares of the information services provider’s stock valued at $8,532,000 after acquiring an additional 7,556 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Alphabet by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 1,925,955 shares of the information services provider’s stock valued at $253,899,000 after purchasing an additional 51,505 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in shares of Alphabet by 1.4% in the third quarter. Baker Avenue Asset Management LP now owns 24,498 shares of the information services provider’s stock valued at $3,230,000 after purchasing an additional 341 shares in the last quarter. KB Financial Partners LLC lifted its position in Alphabet by 1.1% in the third quarter. KB Financial Partners LLC now owns 12,795 shares of the information services provider’s stock worth $1,687,000 after purchasing an additional 134 shares during the period. Finally, Crestwood Advisors Group LLC increased its holdings in Alphabet by 5.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 359,760 shares of the information services provider’s stock valued at $47,434,000 after buying an additional 18,532 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares of the company’s stock, valued at $415,941,874.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the completion of the sale, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,288 shares of company stock valued at $25,345,053. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research note on Friday, June 28th. Finally, Oppenheimer raised their target price on 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 six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $167.86.

Alphabet Price Performance

Shares of Alphabet stock opened at $187.39 on Thursday. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $187.62. The firm’s 50-day moving average price is $175.47 and its two-hundred day moving average price is $156.57. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly 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. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the company earned $1.17 EPS. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s 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.