Coppell Advisory Solutions LLC Buys 883 Shares of Alphabet Inc. $GOOGL

Coppell Advisory Solutions LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,019 shares of the information services provider’s stock after acquiring an additional 883 shares during the period. Coppell Advisory Solutions LLC’s holdings in Alphabet were worth $1,765,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GOOGL. Nuveen LLC bought a new stake in shares of Alphabet during the first quarter worth $4,317,606,000. GAMMA Investing LLC grew its holdings in shares of Alphabet by 16,993.2% during the first quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider’s stock worth $2,483,898,000 after purchasing an additional 15,968,487 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Alphabet by 2.9% during the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock worth $78,839,544,000 after purchasing an additional 14,307,345 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Alphabet by 307.6% during the first quarter. Assenagon Asset Management S.A. now owns 10,302,644 shares of the information services provider’s stock worth $1,593,201,000 after purchasing an additional 7,774,811 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Alphabet during the fourth quarter worth $1,375,509,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GOOGL shares. Needham & Company LLC increased their target price on Alphabet from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Bank of America increased their target price on Alphabet from $210.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Truist Financial restated a “buy” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Westpark Capital upped their price target on Alphabet from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Susquehanna upped their price target on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.33.

Alphabet Trading Up 1.2%

NASDAQ:GOOGL opened at $235.00 on Monday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $235.76. The business’s 50-day moving average price is $195.79 and its two-hundred day moving average price is $175.35. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.58 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. On average, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the sale, the director owned 240,400 shares of the company’s stock, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the sale, the director directly owned 6,316 shares in the company, valued at approximately $1,287,137.64. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 254,710 shares of company stock worth $49,208,380. 11.55% of the stock is owned by company insiders.

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.