Sivia Capital Partners LLC Purchases 280 Shares of Alphabet Inc. (NASDAQ:GOOG)

Sivia Capital Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,585 shares of the information services provider’s stock after acquiring an additional 280 shares during the period. Alphabet comprises about 1.6% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Sivia Capital Partners LLC’s holdings in Alphabet were worth $2,773,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GOOG. Fiduciary Alliance LLC lifted its position in Alphabet by 113.3% during the third quarter. Fiduciary Alliance LLC now owns 16,202 shares of the information services provider’s stock valued at $2,709,000 after purchasing an additional 8,607 shares in the last quarter. Elk River Wealth Management LLC lifted its position in Alphabet by 52.2% during the third quarter. Elk River Wealth Management LLC now owns 5,833 shares of the information services provider’s stock valued at $975,000 after purchasing an additional 2,000 shares in the last quarter. Empirical Asset Management LLC lifted its position in Alphabet by 2.3% during the third quarter. Empirical Asset Management LLC now owns 17,327 shares of the information services provider’s stock valued at $2,897,000 after purchasing an additional 384 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Alphabet during the third quarter valued at $1,989,000. Finally, Procyon Advisors LLC lifted its position in Alphabet by 0.6% during the third quarter. Procyon Advisors LLC now owns 70,322 shares of the information services provider’s stock valued at $11,751,000 after purchasing an additional 453 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the transaction, the chief executive officer now owns 2,129,306 shares of the company’s stock, valued at $355,743,153.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total value of $3,759,075.00. Following the completion of the sale, the chief executive officer now owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,092 shares of company stock valued at $35,644,136 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG traded up $1.74 during midday trading on Monday, hitting $166.26. The company’s stock had a trading volume of 4,670,772 shares, compared to its average volume of 19,717,080. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31. The firm’s 50 day moving average is $162.81 and its 200-day moving average is $169.37. The firm has a market cap of $2.05 trillion, a P/E ratio of 25.59, a P/E/G ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. During the same period last year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GOOG shares. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a research report on Friday, June 28th. Oppenheimer lowered their price objective on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. UBS Group lowered their price objective on Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Pivotal Research assumed coverage on Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, TD Cowen boosted their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Company 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.