Alphabet Inc. $GOOG Shares Acquired by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC increased its holdings in Alphabet Inc. by 381.1% during the first quarter, bringing its total shares to 19,339, valued at approximately $3,134,000.
• Major institutional investors, including Vanguard Group and JPMorgan Chase, have also boosted their positions in Alphabet, with Vanguard owning over 411 million shares valued at around $64.3 billion.
• Alphabet announced a quarterly dividend of $0.21 per share, with payment scheduled for September 15, reflecting a modest 0.4% dividend yield.

Coppell Advisory Solutions LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 381.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,339 shares of the information services provider's stock after purchasing an additional 15,319 shares during the period. Coppell Advisory Solutions LLC's holdings in Alphabet were worth $3,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Alphabet by 2.4% in the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock valued at $64,299,725,000 after purchasing an additional 9,687,855 shares during the period. JPMorgan Chase & Co. boosted its holdings in Alphabet by 9.9% in the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock valued at $15,971,861,000 after acquiring an additional 9,243,959 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alphabet by 2.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,103,417 shares of the information services provider's stock valued at $6,494,655,000 after acquiring an additional 769,335 shares during the last quarter. Janus Henderson Group PLC raised its position in Alphabet by 5.0% in the fourth quarter. Janus Henderson Group PLC now owns 30,827,999 shares of the information services provider's stock valued at $5,870,944,000 after purchasing an additional 1,467,805 shares during the period. Finally, Deutsche Bank AG raised its position in Alphabet by 5.4% in the first quarter. Deutsche Bank AG now owns 21,345,784 shares of the information services provider's stock valued at $3,334,852,000 after purchasing an additional 1,098,996 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOG. Cowen restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Barclays reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Scotiabank increased their price objective on Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial restated an "outperform" rating and issued a $210.00 target price (up from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. Finally, Pivotal Research upped their price target on Alphabet from $245.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $227.56.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total transaction of $122,274.00. Following the completion of the sale, the director owned 6,316 shares of the company's stock, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company's stock, valued at approximately $44,656,704. This represents a 5.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,710 shares of company stock worth $49,208,380 in the last three months. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.1%

Alphabet stock opened at $235.17 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.58 and a beta of 1.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $236.13. The company's fifty day moving average price is $196.65 and its two-hundred day moving average price is $176.75.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

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.

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