Cliftonlarsonallen Wealth Advisors LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.5% in the fourth quarter, Holdings Channel reports. The fund owned 24,470 shares of the information services provider’s stock after buying an additional 2,115 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Alphabet were worth $4,632,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GOOGL. Presilium Private Wealth LLC boosted its position in Alphabet by 5.8% in the 4th quarter. Presilium Private Wealth LLC now owns 2,766 shares of the information services provider’s stock valued at $524,000 after buying an additional 151 shares during the last quarter. Wiser Wealth Management Inc boosted its holdings in Alphabet by 21.9% in the fourth quarter. Wiser Wealth Management Inc now owns 3,543 shares of the information services provider’s stock valued at $671,000 after purchasing an additional 636 shares during the last quarter. Apella Capital LLC grew its stake in Alphabet by 6.7% during the 4th quarter. Apella Capital LLC now owns 8,515 shares of the information services provider’s stock valued at $1,612,000 after purchasing an additional 538 shares in the last quarter. Nabity Jensen Investment Management Inc increased its holdings in Alphabet by 7.6% during the 4th quarter. Nabity Jensen Investment Management Inc now owns 8,509 shares of the information services provider’s stock worth $1,611,000 after purchasing an additional 604 shares during the last quarter. Finally, Meyer Handelman Co. raised its position in shares of Alphabet by 2.2% in the 4th quarter. Meyer Handelman Co. now owns 111,715 shares of the information services provider’s stock valued at $21,148,000 after purchasing an additional 2,432 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent analyst reports. Roth Mkm raised their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. KeyCorp boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Royal Bank of Canada upped their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Trading Up 1.6 %

NASDAQ GOOGL opened at $196.00 on Friday. The firm’s 50 day moving average price is $184.08 and its two-hundred day moving average price is $173.33. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.22 and a beta of 0.98. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. 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 (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share 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 analyst estimates of $72.85 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,387 shares of company stock valued at $24,368,654. Corporate insiders own 11.55% 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.