Hudson Value Partners LLC Acquires 947 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hudson Value Partners LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 74,229 shares of the information services provider’s stock after purchasing an additional 947 shares during the period. Alphabet makes up approximately 4.3% of Hudson Value Partners LLC’s holdings, making the stock its 4th largest position. Hudson Value Partners LLC’s holdings in Alphabet were worth $11,479,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Alphabet by 9.8% in the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider’s stock valued at $47,025,322,000 after acquiring an additional 22,100,902 shares in the last quarter. Norges Bank bought a new position in Alphabet in the fourth quarter worth $24,383,677,000. Price T Rowe Associates Inc. MD boosted its stake in Alphabet by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider’s stock worth $18,672,198,000 after buying an additional 7,574,417 shares in the last quarter. Capital Research Global Investors increased its holdings in Alphabet by 16.2% in the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider’s stock valued at $13,635,878,000 after buying an additional 10,037,685 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider’s stock valued at $13,178,470,000 after buying an additional 10,135,430 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $171.00 target price on shares of Alphabet in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush set a $190.00 target price on Alphabet and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Stifel Nicolaus lowered their price target on Alphabet from $225.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.17.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director now directly owns 6,813 shares of the company’s stock, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,195 shares of company stock valued at $35,764,898 over the last 90 days. 11.64% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of GOOGL opened at $173.54 on Friday. The stock has a market cap of $2.11 trillion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The stock’s 50-day moving average price is $165.90 and its two-hundred day moving average price is $174.57. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm earned $1.89 EPS. On average, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet’s dividend payout ratio is 9.36%.

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.