Hudson Capital Management LLC Acquires 775 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hudson Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,035 shares of the information services provider’s stock after purchasing an additional 775 shares during the quarter. Alphabet comprises 1.5% of Hudson Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Hudson Capital Management LLC’s holdings in Alphabet were worth $4,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 626 Financial LLC raised its stake in Alphabet by 1.3% during the 1st quarter. 626 Financial LLC now owns 27,296 shares of the information services provider’s stock valued at $4,221,000 after purchasing an additional 347 shares during the period. Atwater Malick LLC raised its stake in Alphabet by 1.5% during the 1st quarter. Atwater Malick LLC now owns 87,964 shares of the information services provider’s stock valued at $13,603,000 after purchasing an additional 1,292 shares during the period. Generali Investments Management Co LLC raised its stake in Alphabet by 1.1% during the 1st quarter. Generali Investments Management Co LLC now owns 142,805 shares of the information services provider’s stock valued at $22,083,000 after purchasing an additional 1,600 shares during the period. Signal Advisors Wealth LLC raised its stake in Alphabet by 22.4% during the 1st quarter. Signal Advisors Wealth LLC now owns 19,383 shares of the information services provider’s stock valued at $2,997,000 after purchasing an additional 3,546 shares during the period. Finally, Enclave Advisors LLC increased its stake in Alphabet by 4.6% in the 1st quarter. Enclave Advisors LLC now owns 23,592 shares of the information services provider’s stock worth $3,648,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $168.21 on Friday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a fifty day simple moving average of $159.81 and a two-hundred day simple moving average of $174.38. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last issued its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the business earned $1.89 EPS. On average, analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus reduced their price objective on Alphabet from $225.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler lifted their price objective on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on Alphabet from $167.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price objective on Alphabet from $200.00 to $159.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Finally, DA Davidson reduced their price objective on Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.75.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,770 shares of company stock worth $32,036,638. 11.64% of the stock is currently owned by company insiders.

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.