Ulland Investment Advisors LLC Sells 520 Shares of Alphabet Inc. $GOOGL

Ulland Investment Advisors LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,491 shares of the information services provider’s stock after selling 520 shares during the quarter. Alphabet accounts for about 2.6% of Ulland Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Ulland Investment Advisors LLC’s holdings in Alphabet were worth $3,435,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Coordinated Financial Services Inc. bought a new stake in shares of Alphabet in the second quarter valued at about $412,000. Stonebridge Financial Group LLC raised its holdings in Alphabet by 5.5% in the 2nd quarter. Stonebridge Financial Group LLC now owns 39,601 shares of the information services provider’s stock valued at $6,979,000 after acquiring an additional 2,060 shares in the last quarter. Horizon Bancorp Inc. IN raised its holdings in Alphabet by 110.5% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 4,994 shares of the information services provider’s stock valued at $880,000 after acquiring an additional 2,621 shares in the last quarter. Financial Security Advisor Inc. lifted its position in shares of Alphabet by 5.9% in the 2nd quarter. Financial Security Advisor Inc. now owns 44,696 shares of the information services provider’s stock worth $7,877,000 after acquiring an additional 2,473 shares during the period. Finally, Trevian Wealth Management LLC grew its holdings in shares of Alphabet by 9.8% during the 2nd quarter. Trevian Wealth Management LLC now owns 4,219 shares of the information services provider’s stock worth $744,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,150 shares of company stock worth $55,805,379. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Truist Financial upped their target price on Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Cantor Fitzgerald boosted their price target on shares of Alphabet from $201.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Westpark Capital increased their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Piper Sandler raised their price objective on shares of Alphabet from $220.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company set a $236.00 target price on shares of Alphabet and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $252.24.

Alphabet Stock Up 0.7%

Shares of NASDAQ:GOOGL opened at $253.30 on Monday. The company’s fifty day moving average is $231.55 and its 200-day moving average is $192.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $256.96. The company has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a P/E/G ratio of 1.71 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

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.