Oracle Corporation $ORCL Shares Purchased by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its stake in Oracle Corporation by 15.1%, acquiring an additional 8,409 shares, bringing its total ownership to 64,136 shares valued at approximately $8.97 million.
• Recent insider trading showed significant sales, with Maria Smith and Michael D. Sicilia selling a combined total of 25,880 shares, reflecting notable decreases in their ownership positions.
• Analysts have set new price targets for Oracle, with Stifel Nicolaus upgrading its rating to "buy" and raising the target price to $250, while other firms also adjusted their price targets upwards.

Gerber Kawasaki Wealth & Investment Management raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 15.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 64,136 shares of the enterprise software provider's stock after acquiring an additional 8,409 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Oracle were worth $8,967,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last three months. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and raised their target price for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. TD Cowen increased their price target on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Oracle Stock Performance

NYSE:ORCL opened at $235.87 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $236.89 and a two-hundred day moving average price of $184.08. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a market capitalization of $662.51 billion, a P/E ratio of 54.35, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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