Coppell Advisory Solutions LLC Cuts Position in Alphabet Inc. $GOOGL

Key Points

• Coppell Advisory Solutions LLC reduced its Alphabet position by 26.8% in the second quarter, selling 9,269 shares and retaining 25,379 shares valued at approximately $91,000.
• Other institutional investors generally increased their Alphabet holdings, and hedge funds and institutional investors collectively own about 40.03% of the company.
• Alphabet reported stronger-than-expected quarterly results, with $9.11 in adjusted EPS and $119.8 billion in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, though rising AI infrastructure spending and reduced buybacks pose risks.

Coppell Advisory Solutions LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 26.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,379 shares of the information services provider's stock after selling 9,269 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Alphabet were worth $91,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NewEdge Wealth LLC increased its position in shares of Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after buying an additional 93,293 shares during the period. PFG Investments LLC lifted its stake in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Alphabet by 17.1% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock valued at $37,236,000 after purchasing an additional 17,415 shares in the last quarter. Finally, KLCM Advisors Inc. grew its stake in Alphabet by 66.1% in the fourth quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after purchasing an additional 9,105 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOOGL. New Street Research increased their price objective on Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, June 5th. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Pivotal Research reissued a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $420.19.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 in the last 90 days. Company insiders own 11.61% of the company's stock.

Alphabet Stock Up 3.2%

GOOGL opened at $349.39 on Tuesday. The stock has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.55, a PEG ratio of 0.98 and a beta of 1.22. The firm has a 50 day moving average price of $346.41 and a 200-day moving average price of $344.15. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts forecast that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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