Ulland Investment Advisors LLC Has $3.10 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Ulland Investment Advisors LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,011 shares of the information services provider's stock after selling 4,832 shares during the quarter. Alphabet accounts for about 2.6% of Ulland Investment Advisors LLC's portfolio, making the stock its 16th largest position. Ulland Investment Advisors LLC's holdings in Alphabet were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Group Ltd. raised its holdings in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock worth $299,000 after buying an additional 78 shares during the period. Capital & Planning LLC increased its position in shares of Alphabet by 34.3% during the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock worth $830,000 after acquiring an additional 1,119 shares in the last quarter. Eagle Capital Management LLC increased its position in shares of Alphabet by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after acquiring an additional 371 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Alphabet in the 4th quarter valued at $154,716,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Cantor Fitzgerald reduced their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley dropped their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Susquehanna cut their target price on Alphabet from $225.00 to $220.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $189.00 price target on shares of Alphabet in a research note on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $199.75.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,570 shares of company stock worth $32,003,532. Company insiders own 11.64% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $1.03 on Friday, hitting $174.67. The company had a trading volume of 27,636,835 shares, compared to its average volume of 30,391,072. The stock has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a 50 day moving average price of $162.29 and a 200 day moving average price of $174.57. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter in the prior year, the business earned $1.89 EPS. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. Alphabet's dividend payout ratio is presently 9.36%.

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.