Coppell Advisory Solutions LLC Increases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Coppell Advisory Solutions LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,136 shares of the information services provider’s stock after acquiring an additional 723 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Alphabet were worth $1,938,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in Alphabet in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth $39,000. PayPay Securities Corp increased its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC raised its stake in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 2.6 %

Shares of NASDAQ GOOGL opened at $151.47 on Wednesday. The company has a market capitalization of $1.85 trillion, a P/E ratio of 18.82, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day simple moving average of $163.72 and a 200-day simple moving average of $175.61. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. KeyCorp cut their price objective on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Mizuho lowered their price target on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC reiterated a “buy” rating and set a $178.00 price objective on shares of Alphabet in a research note on Wednesday, April 16th. Finally, Piper Sandler lowered their target price on Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.74.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock worth $25,361,647 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Company 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.