Sienna Gestion Sells 272,126 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Sienna Gestion trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 91.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,155 shares of the information services provider's stock after selling 272,126 shares during the period. Sienna Gestion's holdings in Alphabet were worth $4,950,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Schear Investment Advisers LLC raised its holdings in shares of Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after buying an additional 4,905 shares during the period. Permanent Capital Management LP bought a new stake in shares of Alphabet in the fourth quarter worth $273,000. Landscape Capital Management L.L.C. raised its holdings in Alphabet by 27.9% in the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after acquiring an additional 5,516 shares in the last quarter. Glass Wealth Management Co LLC boosted its stake in Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC grew its holdings in Alphabet by 9.1% during the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after acquiring an additional 746 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently commented on GOOGL shares. Wolfe Research increased their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Wednesday, February 5th. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, KeyCorp reduced their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $210.59.

Insider Activity

In other news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at $8,181,333.08. This represents a 19.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock worth $19,336,979 over the last quarter. Corporate insiders own 11.55% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded down $6.56 during mid-day trading on Friday, reaching $155.68. The company had a trading volume of 18,446,578 shares, compared to its average volume of 27,151,340. The company has a 50-day moving average price of $180.49 and a two-hundred day moving average price of $176.68. The stock has a market cap of $1.90 trillion, a PE ratio of 19.34, a P/E/G ratio of 1.34 and a beta of 1.02. 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 $147.22 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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 anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) 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.