Alphabet Inc. $GOOGL Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 142,839 shares of the information services provider’s stock after acquiring an additional 6,264 shares during the period. CreativeOne Wealth LLC’s holdings in Alphabet were worth $25,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Gimbal Financial raised its stake in shares of Alphabet by 1.9% in the 2nd quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after buying an additional 53 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in Alphabet by 0.3% during the second quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after acquiring an additional 55 shares during the period. Silver Coast Investments LLC raised its position in Alphabet by 1.3% in the second quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock worth $761,000 after acquiring an additional 55 shares in the last quarter. AM Investment Strategies LLC lifted its holdings in Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after acquiring an additional 57 shares during the last quarter. Finally, Bfsg LLC boosted its position in shares of Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after purchasing an additional 59 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total value of $302,418.00. Following the completion of the sale, the chief accounting officer owned 11,740 shares in the company, valued at $3,721,580. This represents a 7.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the sale, the director directly owned 18,104 shares of the company’s stock, valued at $5,750,916.64. This trade represents a 0.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,128 shares of company stock valued at $61,326,372 over the last ninety days. 11.64% of the stock is owned by company insiders.

Alphabet Price Performance

GOOGL opened at $321.27 on Friday. The firm has a market capitalization of $3.88 trillion, a P/E ratio of 31.68, a PEG ratio of 1.84 and a beta of 1.07. The stock has a fifty day moving average of $276.15 and a 200-day moving average of $224.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $330.00 target price (up from $285.00) on shares of Alphabet in a report on Thursday, October 30th. Mizuho set a $325.00 price target on Alphabet in a report on Thursday, October 30th. Citizens Jmp increased their price objective on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. China Renaissance lifted their target price on Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Hsbc Global Res raised Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $312.65.

About Alphabet

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.