Alphabet Inc. (NASDAQ:GOOG) Stake Boosted by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,487 shares of the information services provider's stock after purchasing an additional 3,199 shares during the period. CreativeOne Wealth LLC's holdings in Alphabet were worth $4,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in shares of Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after acquiring an additional 1,041 shares during the period. North Forty Two & Co. purchased a new position in shares of Alphabet in the fourth quarter valued at $281,000. SageView Advisory Group LLC raised its stake in shares of Alphabet by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock worth $2,806,000 after buying an additional 8,610 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Alphabet in the 4th quarter worth about $927,000. Finally, Nordea Investment Management AB increased its holdings in Alphabet by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider's stock valued at $1,384,039,000 after acquiring an additional 704,875 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOG. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital started coverage on Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target for the company. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, UBS Group reduced their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $210.88.

Alphabet Stock Down 1.4 %

Shares of NASDAQ GOOG traded down $2.14 on Friday, hitting $153.36. The company had a trading volume of 19,461,666 shares, compared to its average volume of 19,413,783. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The business has a 50 day moving average of $167.84 and a two-hundred day moving average of $177.58.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,663 shares of company stock valued at $20,286,447. Insiders own 12.99% of the company's stock.

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.