Alphabet Inc. $GOOG Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,311 shares of the information services provider’s stock after selling 342 shares during the quarter. Alphabet makes up 2.0% of Hudson Value Partners LLC’s investment portfolio, making the stock its 13th largest holding. Hudson Value Partners LLC’s holdings in Alphabet were worth $5,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. NRI Wealth Management LC grew its position in Alphabet by 2.1% in the 2nd quarter. NRI Wealth Management LC now owns 15,500 shares of the information services provider’s stock valued at $2,749,000 after acquiring an additional 313 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in shares of Alphabet in the second quarter valued at approximately $294,000. jvl associates llc increased its stake in Alphabet by 4.3% during the 2nd quarter. jvl associates llc now owns 10,492 shares of the information services provider’s stock worth $1,861,000 after buying an additional 437 shares during the period. Madrona Financial Services LLC lifted its holdings in Alphabet by 3.3% during the 2nd quarter. Madrona Financial Services LLC now owns 4,926 shares of the information services provider’s stock worth $874,000 after buying an additional 157 shares in the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in Alphabet by 7.2% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 4,271 shares of the information services provider’s stock valued at $758,000 after buying an additional 287 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the transaction, the chief executive officer owned 2,402,119 shares in the company, valued at $584,699,785.79. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,738 shares of company stock worth $59,135,475. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.0%

GOOG stock opened at $246.45 on Friday. The stock has a market cap of $2.98 trillion, a P/E ratio of 26.25, a PEG ratio of 1.66 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $256.70. The company’s 50 day moving average is $221.89 and its two-hundred day moving average is $187.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period last year, the firm posted $1.89 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet’s payout ratio is presently 8.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GOOG. Raymond James Financial reaffirmed an “outperform” rating and set a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. Robert W. Baird upped their price target on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Citizens Jmp raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 26th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Finally, Barclays restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

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.