Cooper Financial Group Has $12.94 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Cooper Financial Group boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 68,368 shares of the information services provider’s stock after buying an additional 5,988 shares during the period. Alphabet makes up 1.6% of Cooper Financial Group’s portfolio, making the stock its 16th largest holding. Cooper Financial Group’s holdings in Alphabet were worth $12,942,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GOOGL. LMR Partners LLP bought a new position in Alphabet during the third quarter worth about $32,000. Denver PWM LLC bought a new position in shares of Alphabet during the second quarter worth approximately $41,000. Quarry LP acquired a new stake in shares of Alphabet in the second quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Alphabet in the third quarter valued at approximately $66,000. Finally, Mendota Financial Group LLC grew its position in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,053 shares of company stock valued at $27,559,701. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Friday. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. KeyCorp boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $208.15.

Alphabet Trading Down 0.5 %

NASDAQ GOOGL opened at $191.01 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.34 trillion, a P/E ratio of 25.33, a PEG ratio of 1.35 and a beta of 0.98. The business has a fifty day simple moving average of $183.05 and a 200 day simple moving average of $172.99. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the firm earned $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

About Alphabet

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.