Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,090 shares of the information services provider's stock after buying an additional 1,389 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in Alphabet were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its position in shares of Alphabet by 13.2% in the 2nd quarter. Edgestream Partners L.P. now owns 17,407 shares of the information services provider's stock worth $3,193,000 after buying an additional 2,031 shares during the period. Wealth Alliance raised its holdings in shares of Alphabet by 1.6% in the 2nd quarter. Wealth Alliance now owns 19,058 shares of the information services provider's stock worth $3,496,000 after purchasing an additional 305 shares during the period. E Fund Management Co. Ltd. lifted its stake in shares of Alphabet by 17.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 59,941 shares of the information services provider's stock valued at $10,994,000 after purchasing an additional 8,760 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd grew its holdings in shares of Alphabet by 204.0% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 30,400 shares of the information services provider's stock worth $5,576,000 after purchasing an additional 20,400 shares during the period. Finally, Meridian Wealth Partners LLC increased its position in Alphabet by 9.8% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,365 shares of the information services provider's stock worth $801,000 after purchasing an additional 388 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.
In related news, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last 90 days. 12.99% of the stock is owned by company insiders.
A number of brokerages have weighed in on GOOG. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Oppenheimer raised their price objective on Alphabet from $185.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays increased their target price on Alphabet from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $200.56.
View Our Latest Research Report on GOOG
Shares of Alphabet stock opened at $194.48 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The firm's 50-day simple moving average is $185.32 and its 200-day simple moving average is $174.70. The firm has a market cap of $2.38 trillion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Alphabet's revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
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.
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