Sierra Capital LLC Sells 248 Shares of Alphabet Inc. (NASDAQ:GOOG)

Sierra Capital LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,552 shares of the information services provider’s stock after selling 248 shares during the period. Sierra Capital LLC’s holdings in Alphabet were worth $5,057,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hendley & Co. Inc. bought a new stake in shares of Alphabet in the fourth quarter worth about $206,000. Blackhawk Capital Partners LLC. lifted its holdings in Alphabet by 4.3% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 3,587 shares of the information services provider’s stock worth $683,000 after buying an additional 147 shares during the period. Trifecta Capital Advisors LLC grew its position in shares of Alphabet by 0.7% in the 4th quarter. Trifecta Capital Advisors LLC now owns 121,001 shares of the information services provider’s stock worth $23,043,000 after buying an additional 812 shares during the last quarter. CWS Financial Advisors LLC increased its stake in shares of Alphabet by 9.9% during the fourth quarter. CWS Financial Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $485,000 after buying an additional 229 shares during the period. Finally, Pring Turner Capital Group Inc. raised its holdings in shares of Alphabet by 46.2% during the fourth quarter. Pring Turner Capital Group Inc. now owns 3,617 shares of the information services provider’s stock valued at $689,000 after acquiring an additional 1,143 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Price Performance

Shares of GOOG opened at $170.21 on Friday. The firm has a fifty day simple moving average of $192.59 and a two-hundred day simple moving average of $177.59. The firm has a market cap of $2.07 trillion, a PE ratio of 21.14, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,188 shares of company stock worth $25,036,883. 12.99% of the stock is owned by company insiders.

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.