Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,218 shares of the information services provider’s stock after selling 617 shares during the period. Alphabet makes up approximately 3.6% of Ulland Investment Advisors LLC’s holdings, making the stock its 10th largest position. Ulland Investment Advisors LLC’s holdings in Alphabet were worth $3,523,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DC Investments Management LLC bought a new stake in Alphabet during the 1st quarter worth approximately $114,000. Bridgefront Capital LLC bought a new position in shares of Alphabet in the 1st quarter worth $225,000. Worth Asset Management LLC bought a new position in shares of Alphabet in the 1st quarter worth $206,000. Eudaimonia Advisors LLC raised its stake in Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after buying an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in Alphabet during the 1st quarter worth $281,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 0.4 %

Shares of Alphabet stock opened at $150.67 on Wednesday. The stock has a fifty day simple moving average of $143.17 and a 200 day simple moving average of $137.93. Alphabet Inc. has a 12-month low of $99.74 and a 12-month high of $153.78. The company has a market capitalization of $1.87 trillion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the company earned $1.05 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the transaction, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the transaction, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the transaction, the director now owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,659 shares of company stock worth $39,460,310. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Mizuho lifted their price target on Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. JMP Securities lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Finally, Redburn Atlantic raised their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.48.

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.