Hudson Capital Management LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Hudson Capital Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,099 shares of the information services provider’s stock after selling 880 shares during the quarter. Alphabet makes up 1.6% of Hudson Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Hudson Capital Management LLC’s holdings in Alphabet were worth $5,158,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. San Luis Wealth Advisors LLC increased its position in shares of Alphabet by 0.9% during the third quarter. San Luis Wealth Advisors LLC now owns 49,941 shares of the information services provider’s stock valued at $8,283,000 after buying an additional 447 shares during the period. Albion Financial Group UT increased its position in shares of Alphabet by 0.6% during the third quarter. Albion Financial Group UT now owns 264,357 shares of the information services provider’s stock valued at $43,844,000 after buying an additional 1,598 shares during the period. Private Advisory Group LLC increased its position in shares of Alphabet by 4.5% during the third quarter. Private Advisory Group LLC now owns 15,352 shares of the information services provider’s stock valued at $2,546,000 after buying an additional 656 shares during the period. Watts Gwilliam & Co. LLC purchased a new position in shares of Alphabet during the third quarter valued at about $3,055,000. Finally, Pinnacle Bancorp Inc. increased its position in shares of Alphabet by 5.7% during the third quarter. Pinnacle Bancorp Inc. now owns 21,884 shares of the information services provider’s stock valued at $3,629,000 after buying an additional 1,176 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.3 %

GOOGL opened at $163.42 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $161.77 and a 200-day moving average price of $168.06. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same period last year, the firm earned $1.44 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,426 shares of company stock valued at $35,993,340. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOOGL shares. Citigroup boosted their price target on shares of Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. DA Davidson assumed coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target on the stock. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Wolfe Research assumed coverage on shares of Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Company 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.