Sienna Gestion Has $2.96 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Sienna Gestion decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 75.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,550 shares of the information services provider’s stock after selling 46,645 shares during the period. Sienna Gestion’s holdings in Alphabet were worth $2,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Hughes Financial Services LLC bought a new position in shares of Alphabet during the 4th quarter valued at $225,000. Midwest Professional Planners LTD. increased its stake in Alphabet by 8.8% in the fourth quarter. Midwest Professional Planners LTD. now owns 11,015 shares of the information services provider’s stock valued at $2,098,000 after acquiring an additional 895 shares during the period. Postrock Partners LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $5,283,000. Analyst IMS Investment Management Services Ltd. boosted its stake in Alphabet by 1.2% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 105,959 shares of the information services provider’s stock valued at $20,178,000 after buying an additional 1,238 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in Alphabet by 5.2% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 79,071 shares of the information services provider’s stock worth $15,058,000 after acquiring an additional 3,898 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOG. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,882 shares of company stock valued at $17,934,130. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of GOOG opened at $164.73 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.01 trillion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock’s 50-day moving average price is $187.92 and its two-hundred day moving average price is $177.92. Alphabet Inc. has a 1 year low of $141.13 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.