Hudson Capital Management LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Hudson Capital Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,919 shares of the information services provider’s stock after selling 437 shares during the quarter. Alphabet comprises about 1.7% of Hudson Capital Management LLC’s holdings, making the stock its 20th largest position. Hudson Capital Management LLC’s holdings in Alphabet were worth $4,818,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Journey Advisory Group LLC boosted its holdings in shares of Alphabet by 2.0% in the third quarter. Journey Advisory Group LLC now owns 18,689 shares of the information services provider’s stock worth $2,446,000 after acquiring an additional 370 shares during the period. Advisors Capital Management LLC increased its position in shares of Alphabet by 19.6% during the third quarter. Advisors Capital Management LLC now owns 319,313 shares of the information services provider’s stock valued at $41,785,000 after buying an additional 52,360 shares during the period. American Trust boosted its position in shares of Alphabet by 18.8% in the third quarter. American Trust now owns 9,306 shares of the information services provider’s stock valued at $1,218,000 after acquiring an additional 1,470 shares during the period. Spouting Rock Asset Management LLC grew its stake in Alphabet by 1.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,882 shares of the information services provider’s stock valued at $5,088,000 after acquiring an additional 388 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in Alphabet by 8.5% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 1,422 shares of the information services provider’s stock worth $186,000 after acquiring an additional 111 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,788 shares of company stock valued at $21,143,403. 11.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several analyst reports. UBS Group raised their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Oppenheimer boosted their target price on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Jefferies Financial Group boosted their price objective on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $196.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Six analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Get Our Latest Stock Analysis on Alphabet

Alphabet Stock Up 2.6 %

Shares of NASDAQ GOOGL opened at $190.60 on Monday. The firm has a fifty day simple moving average of $175.43 and a two-hundred day simple moving average of $156.24. The firm has a market capitalization of $2.36 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $190.86.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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