CreativeOne Wealth LLC Purchases 34,592 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CreativeOne Wealth LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,687 shares of the information services provider’s stock after purchasing an additional 34,592 shares during the quarter. CreativeOne Wealth LLC’s holdings in Alphabet were worth $21,710,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOGL. Compass Planning Associates Inc bought a new position in Alphabet in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp raised its stake in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Denver PWM LLC lifted its holdings in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now directly owns 7,613 shares in the company, valued at $1,232,544.70. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 115,663 shares of company stock valued at $20,286,447. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $151.08 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The business has a 50-day moving average price of $165.82 and a 200 day moving average price of $175.88. The company has a market capitalization of $1.84 trillion, a P/E ratio of 18.77, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results 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%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOGL. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Thursday, April 10th. Mizuho reduced their price target on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Citigroup dropped their price objective on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $178.00 target price on shares of Alphabet in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $200.74.

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.