Coppell Advisory Solutions LLC Acquires 723 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Coppell Advisory Solutions LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,136 shares of the information services provider’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CSM Advisors LLC increased its holdings in shares of Alphabet by 2.1% during the fourth quarter. CSM Advisors LLC now owns 42,967 shares of the information services provider’s stock valued at $8,133,000 after acquiring an additional 865 shares in the last quarter. Freshford Capital Management LLC purchased a new stake in Alphabet during the 4th quarter valued at about $38,655,000. Oxford Wealth Group LLC increased its stake in Alphabet by 7.3% during the 4th quarter. Oxford Wealth Group LLC now owns 18,980 shares of the information services provider’s stock valued at $3,593,000 after purchasing an additional 1,296 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Alphabet by 1.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,249,875 shares of the information services provider’s stock worth $2,129,602,000 after buying an additional 187,650 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of Alphabet by 16.0% in the fourth quarter. MGO One Seven LLC now owns 77,617 shares of the information services provider’s stock worth $14,693,000 after buying an additional 10,710 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GOOGL. Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Morgan Stanley decreased their target price on Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $200.00 price target (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.74.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock worth $25,361,647 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 2.6 %

Shares of NASDAQ:GOOGL opened at $151.47 on Wednesday. The company has a 50-day moving average price of $163.72 and a 200 day moving average price of $175.61. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed 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 was Monday, March 10th. Alphabet’s payout ratio is 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.