Cora Capital Advisors LLC Raises Stake in Alphabet Inc. (NASDAQ:GOOGL)

Cora Capital Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,874 shares of the information services provider’s stock after purchasing an additional 533 shares during the period. Cora Capital Advisors LLC’s holdings in Alphabet were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Marco Investment Management LLC raised its stake in shares of Alphabet by 21.6% during the 4th quarter. Marco Investment Management LLC now owns 64,746 shares of the information services provider’s stock worth $9,044,000 after buying an additional 11,483 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Alphabet by 147.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 20,696 shares of the information services provider’s stock worth $2,891,000 after buying an additional 12,319 shares during the last quarter. Meridian Wealth Partners LLC raised its stake in shares of Alphabet by 6.9% during the 4th quarter. Meridian Wealth Partners LLC now owns 8,867 shares of the information services provider’s stock worth $1,239,000 after buying an additional 572 shares during the last quarter. Magnus Financial Group LLC raised its stake in shares of Alphabet by 2.1% during the 4th quarter. Magnus Financial Group LLC now owns 28,659 shares of the information services provider’s stock worth $4,003,000 after buying an additional 593 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its stake in shares of Alphabet by 3.3% during the 4th quarter. Convergence Investment Partners LLC now owns 20,356 shares of the information services provider’s stock worth $2,844,000 after buying an additional 647 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research reports. Evercore ISI lifted their price target on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Loop Capital boosted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein boosted their target price on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Mizuho boosted their target price on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Wolfe Research boosted their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Alphabet Stock Up 0.5 %

NASDAQ GOOGL opened at $168.10 on Tuesday. The stock has a market cap of $2.08 trillion, a PE ratio of 25.78, a P/E/G ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $105.16 and a fifty-two week high of $174.71. The business has a 50 day moving average price of $150.75 and a two-hundred day moving average price of $142.58. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the prior year, the business earned $1.17 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 7.57 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock worth $40,382,765 in the last 90 days. 0.88% 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.