Hudson Value Partners LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Hudson Value Partners LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.1% in the 3rd quarter, Holdings Channel reports. The firm owned 34,123 shares of the information services provider’s stock after purchasing an additional 1,643 shares during the period. Alphabet accounts for approximately 2.2% of Hudson Value Partners LLC’s portfolio, making the stock its 11th largest position. Hudson Value Partners LLC’s holdings in Alphabet were worth $5,705,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. China Universal Asset Management Co. Ltd. grew its stake in shares of Alphabet by 360.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after buying an additional 15,848 shares during the period. Quent Capital LLC boosted its position in shares of Alphabet by 5.8% during the first quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock worth $4,980,000 after buying an additional 1,798 shares during the period. TFB Advisors LLC boosted its holdings in Alphabet by 48.2% during the 1st quarter. TFB Advisors LLC now owns 8,123 shares of the information services provider’s stock valued at $1,345,000 after acquiring an additional 2,643 shares during the period. Catalina Capital Group LLC grew its position in Alphabet by 51.1% in the 1st quarter. Catalina Capital Group LLC now owns 20,649 shares of the information services provider’s stock valued at $3,144,000 after acquiring an additional 6,986 shares in the last quarter. Finally, Clarity Capital Partners LLC increased its stake in Alphabet by 14.2% during the first quarter. Clarity Capital Partners LLC now owns 2,355 shares of the information services provider’s stock worth $359,000 after purchasing an additional 292 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 2.2 %

Shares of GOOG stock opened at $182.28 on Friday. The business’s fifty day moving average price is $164.24 and its 200 day moving average price is $170.89. The firm has a market capitalization of $2.24 trillion, a PE ratio of 24.18, a P/E/G ratio of 1.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1-year low of $129.40 and a 1-year high of $193.31.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.97 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. Barclays upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Scotiabank assumed coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price on the stock. Finally, Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the transaction, the chief executive officer now directly owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet 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 transaction, the chief executive officer now directly owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,552 shares of company stock valued at $40,287,253 in the last ninety days. Insiders own 12.99% of the company’s stock.

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.