Alphabet Inc. (NASDAQ:GOOGL) is Ulland Investment Advisors LLC’s 10th Largest Position

Ulland Investment Advisors LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,218 shares of the information services provider’s stock after selling 617 shares during the period. Alphabet makes up about 3.6% of Ulland Investment Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Ulland Investment Advisors LLC’s holdings in Alphabet were worth $3,523,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Live Oak Investment Partners bought a new stake in Alphabet in the fourth quarter worth $26,000. VitalStone Financial LLC lifted its position in shares of Alphabet by 1,900.0% during the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after purchasing an additional 266 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet during the fourth quarter worth $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet during the third quarter worth $38,000. Finally, Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOGL opened at $150.67 on Wednesday. The stock has a market cap of $1.87 trillion, a PE ratio of 25.98, a P/E/G 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 Inc. has a twelve month low of $99.74 and a twelve month high of $153.78. The stock has a fifty day simple moving average of $143.17 and a 200-day simple moving average of $137.93.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the business posted $1.05 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. KeyCorp lifted their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. JMP Securities lifted their target price on Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their price objective on Alphabet from $141.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Redburn Atlantic lifted their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price objective on Alphabet from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.48.

Check Out Our Latest Stock Analysis on GOOGL

Insider Buying and Selling

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 28,281 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $141.40, for a total value of $3,998,933.40. Following the transaction, the insider now owns 25,002 shares of the company’s stock, valued at $3,535,282.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,659 shares of company stock valued at $39,460,310. Corporate insiders own 0.88% of the company’s stock.

Alphabet Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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