Creative Financial Designs Inc. ADV Purchases 92 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Creative Financial Designs Inc. ADV boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,262 shares of the information services provider’s stock after purchasing an additional 92 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Alphabet were worth $3,646,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eaton Financial Holdings Company LLC raised its holdings in Alphabet by 0.4% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 24,808 shares of the information services provider’s stock valued at $4,696,000 after buying an additional 104 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at about $63,000. GWN Securities Inc. bought a new position in shares of Alphabet in the 4th quarter valued at approximately $2,681,000. Van Hulzen Asset Management LLC lifted its holdings in Alphabet by 1.0% in the 4th quarter. Van Hulzen Asset Management LLC now owns 230,790 shares of the information services provider’s stock worth $43,676,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Glenview Trust co boosted its position in Alphabet by 3.0% during the fourth quarter. Glenview Trust co now owns 622,750 shares of the information services provider’s stock worth $117,887,000 after purchasing an additional 18,212 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Alphabet stock opened at $154.33 on Friday. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05. The stock has a 50-day simple moving average of $179.66 and a 200 day simple moving average of $176.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,812 shares of company stock worth $19,336,979 over the last 90 days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Wolfe Research raised their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley cut their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.59.

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.