Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Hudson Value Partners LLC

Hudson Value Partners LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,718 shares of the information services provider’s stock after acquiring an additional 3,619 shares during the period. Alphabet makes up approximately 3.8% of Hudson Value Partners LLC’s holdings, making the stock its 5th largest holding. Hudson Value Partners LLC’s holdings in Alphabet were worth $9,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. boosted its stake in shares of Alphabet by 70.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock valued at $15,279,000 after buying an additional 41,880 shares during the last quarter. Quent Capital LLC lifted its position in shares of Alphabet by 3.6% during the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after purchasing an additional 1,072 shares during the last quarter. Portland Global Advisors LLC grew its position in shares of Alphabet by 4.2% in the 1st quarter. Portland Global Advisors LLC now owns 4,995 shares of the information services provider’s stock worth $754,000 after acquiring an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Alphabet by 5.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 6,576,002 shares of the information services provider’s stock worth $992,516,000 after purchasing an additional 337,795 shares during the period. Finally, Interchange Capital Partners LLC raised its holdings in shares of Alphabet by 3.1% during the first quarter. Interchange Capital Partners LLC now owns 13,104 shares of the information services provider’s stock worth $1,975,000 after purchasing an additional 395 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GOOGL shares. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Guggenheim raised their target price on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Mizuho upped their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, KeyCorp lifted their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the sale, the director now directly owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,295 shares of company stock valued at $30,698,791. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $175.98 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a market cap of $2.15 trillion, a PE ratio of 23.34, a PEG ratio of 1.23 and a beta of 1.03. The stock’s 50-day moving average price is $167.23 and its two-hundred day moving average price is $170.40.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet’s dividend payout ratio is 10.61%.

About Alphabet

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.