United Advisor Group LLC Trims Position in Alphabet Inc. (NASDAQ:GOOGL)

United Advisor Group LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 52.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,916 shares of the information services provider's stock after selling 17,894 shares during the quarter. United Advisor Group LLC's holdings in Alphabet were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC grew its holdings in shares of Alphabet by 2.7% during the 1st quarter. ORG Wealth Partners LLC now owns 5,419 shares of the information services provider's stock worth $851,000 after purchasing an additional 145 shares during the period. TTP Investments Inc. boosted its stake in Alphabet by 78.2% during the first quarter. TTP Investments Inc. now owns 30,671 shares of the information services provider's stock worth $4,743,000 after buying an additional 13,458 shares during the period. Guided Capital Wealth Management LLC increased its position in shares of Alphabet by 20.9% during the first quarter. Guided Capital Wealth Management LLC now owns 8,803 shares of the information services provider's stock valued at $1,361,000 after acquiring an additional 1,521 shares during the last quarter. Well Done LLC raised its stake in shares of Alphabet by 11.2% in the 1st quarter. Well Done LLC now owns 1,952 shares of the information services provider's stock valued at $302,000 after acquiring an additional 196 shares during the period. Finally, Sterling Investment Counsel LLC lifted its holdings in shares of Alphabet by 58.8% in the 1st quarter. Sterling Investment Counsel LLC now owns 35,014 shares of the information services provider's stock worth $5,415,000 after acquiring an additional 12,959 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $166.64 on Monday. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.06 and a beta of 1.01. The business's 50 day moving average is $164.77 and its two-hundred day moving average is $174.73. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter last year, the company earned $1.89 earnings per share. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.50%. Alphabet's payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOGL shares. Needham & Company LLC reissued a "buy" rating and set a $178.00 target price on shares of Alphabet in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price target on shares of Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets reissued an "outperform" rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Bank of America upped their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $199.75.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the sale, the director now owns 261,966 shares in the company, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total value of $5,742,100.00. Following the transaction, the chief executive officer now directly owns 2,555,196 shares of the company's stock, valued at $451,452,029.28. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,070 shares of company stock worth $37,745,632. 11.55% of the stock is owned by corporate 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.

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