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Alphabet Inc. (NASDAQ:GOOGL) is Hudson Value Partners LLC's 5th Largest Position

Alphabet logo with Computer and Technology background

Hudson Value Partners LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,718 shares of the information services provider's stock after buying an additional 3,619 shares during the quarter. Alphabet makes up about 3.8% of Hudson Value Partners LLC's investment portfolio, making the stock its 5th largest position. Hudson Value Partners LLC's holdings in Alphabet were worth $9,904,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Lifestyle Asset Management Inc. lifted its holdings in shares of Alphabet by 6.1% in the third quarter. Lifestyle Asset Management Inc. now owns 10,605 shares of the information services provider's stock worth $1,759,000 after buying an additional 605 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Alphabet by 1.5% in the third quarter. LS Investment Advisors LLC now owns 68,921 shares of the information services provider's stock worth $11,431,000 after buying an additional 1,000 shares in the last quarter. TFB Advisors LLC lifted its holdings in shares of Alphabet by 2.9% in the third quarter. TFB Advisors LLC now owns 20,162 shares of the information services provider's stock worth $3,344,000 after buying an additional 577 shares in the last quarter. Seven Post Investment Office LP raised its stake in Alphabet by 460.0% during the third quarter. Seven Post Investment Office LP now owns 318,809 shares of the information services provider's stock valued at $52,874,000 after purchasing an additional 261,877 shares in the last quarter. Finally, Dudley Capital Management LLC lifted its position in Alphabet by 1.0% during the third quarter. Dudley Capital Management LLC now owns 32,927 shares of the information services provider's stock valued at $5,461,000 after purchasing an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares of the company's stock, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares of the company's stock, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,295 shares of company stock worth $30,698,791 in the last three months. Corporate insiders own 11.55% of the company's stock.

Alphabet Stock Down 1.2 %

NASDAQ:GOOGL opened at $175.98 on Thursday. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 23.34, a P/E/G ratio of 1.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company's 50-day simple moving average is $167.23 and its 200-day simple moving average is $170.40.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period last year, the business earned $1.55 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 objective for the company. Tigress Financial increased their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 26th. Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $200.00 to $208.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. Finally, Bank of America increased their target price on shares of Alphabet from $206.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $205.90.

Read Our Latest Stock Report on GOOGL

About Alphabet

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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