Hudson Value Partners LLC Reduces Stake in Alphabet Inc. (NASDAQ:GOOG)

Hudson Value Partners LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,446 shares of the information services provider's stock after selling 1,677 shares during the quarter. Alphabet comprises 2.3% of Hudson Value Partners LLC's investment portfolio, making the stock its 10th biggest holding. Hudson Value Partners LLC's holdings in Alphabet were worth $6,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GOOG. FMR LLC increased its position in Alphabet by 5.2% during the 3rd quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock worth $19,193,768,000 after purchasing an additional 5,655,022 shares during the period. Geode Capital Management LLC boosted its stake in shares of Alphabet by 0.3% in the third quarter. Geode Capital Management LLC now owns 103,557,486 shares of the information services provider's stock valued at $17,247,208,000 after buying an additional 259,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Alphabet by 10.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock worth $5,573,125,000 after acquiring an additional 3,113,395 shares during the period. Principal Financial Group Inc. raised its position in Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock worth $1,843,149,000 after acquiring an additional 264,962 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Alphabet by 1.7% in the fourth quarter. Swedbank AB now owns 8,483,070 shares of the information services provider's stock valued at $1,615,516,000 after acquiring an additional 144,170 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

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Alphabet Stock Down 0.4 %

Shares of GOOG stock traded down $0.73 on Thursday, reaching $166.41. 5,572,467 shares of the company's stock traded hands, compared to its average volume of 17,802,359. The business's 50 day moving average price is $182.96 and its two-hundred day moving average price is $178.36. The company has a market capitalization of $2.03 trillion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Oppenheimer lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $209.13.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

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.