Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Decreased by Sivia Capital Partners LLC

Sivia Capital Partners LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,474 shares of the information services provider’s stock after selling 1,960 shares during the quarter. Alphabet makes up about 2.0% of Sivia Capital Partners LLC’s holdings, making the stock its 11th biggest holding. Sivia Capital Partners LLC’s holdings in Alphabet were worth $3,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cahaba Wealth Management Inc. boosted its position in Alphabet by 2.4% during the 2nd quarter. Cahaba Wealth Management Inc. now owns 3,915 shares of the information services provider’s stock worth $713,000 after acquiring an additional 90 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Alphabet by 3.8% in the second quarter. Lake Street Advisors Group LLC now owns 68,815 shares of the information services provider’s stock worth $12,535,000 after purchasing an additional 2,546 shares in the last quarter. Advisor OS LLC boosted its holdings in shares of Alphabet by 3.3% during the second quarter. Advisor OS LLC now owns 33,281 shares of the information services provider’s stock worth $6,062,000 after purchasing an additional 1,065 shares during the period. Sustainable Insight Capital Management LLC grew its position in Alphabet by 48.2% during the second quarter. Sustainable Insight Capital Management LLC now owns 13,220 shares of the information services provider’s stock valued at $2,414,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Opes Wealth Management LLC grew its position in Alphabet by 1.4% during the second quarter. Opes Wealth Management LLC now owns 7,501 shares of the information services provider’s stock valued at $1,366,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. TD Securities increased their price objective on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Truist Financial restated a “buy” rating and issued a $196.00 target price on shares of Alphabet in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their target price on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $201.08.

Alphabet Stock Up 0.9 %

Shares of NASDAQ:GOOGL opened at $163.59 on Friday. The company’s fifty day moving average is $164.72 and its 200-day moving average is $165.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The company has a market capitalization of $2.02 trillion, a PE ratio of 25.09, a P/E/G ratio of 1.13 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the prior year, the firm earned $1.44 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio is 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the transaction, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,167 shares of company stock worth $29,762,606. 11.55% of the stock is currently owned by insiders.

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.