Collaborative Wealth Managment Inc. Has $285,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Collaborative Wealth Managment Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 16.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,494 shares of the information services provider’s stock after purchasing an additional 206 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Alphabet were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. GPS Wealth Strategies Group LLC raised its holdings in shares of Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after buying an additional 1,041 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Alphabet by 14.4% in the third quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock valued at $19,642,000 after buying an additional 14,738 shares during the last quarter. Requisite Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter valued at about $927,000. Stevens Capital Management LP raised its holdings in shares of Alphabet by 172.9% in the third quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock valued at $15,254,000 after buying an additional 57,810 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Alphabet by 44.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,032,476 shares of the information services provider’s stock worth $172,620,000 after purchasing an additional 316,674 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’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 transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred 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 directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 95,882 shares of company stock worth $17,934,130. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GOOG. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank boosted their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Wedbush reissued an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Price Performance

Shares of GOOG opened at $167.62 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day simple moving average of $187.41 and a 200 day simple moving average of $178.00. Alphabet Inc. has a 52-week low of $141.13 and a 52-week high of $208.70. The firm has a market capitalization of $2.04 trillion, a PE ratio of 20.82, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio is presently 9.94%.

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.