Hudock Inc. Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Hudock Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,774 shares of the information services provider’s stock after acquiring an additional 163 shares during the period. Hudock Inc.’s holdings in Alphabet were worth $792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Court Place Advisors LLC grew its stake in shares of Alphabet by 0.5% during the 3rd quarter. Court Place Advisors LLC now owns 19,587 shares of the information services provider’s stock valued at $3,248,000 after buying an additional 91 shares during the period. Tandem Capital Management Corp ADV grew its stake in shares of Alphabet by 1.0% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 42,080 shares of the information services provider’s stock valued at $6,351,000 after buying an additional 403 shares during the period. HWG Holdings LP grew its stake in shares of Alphabet by 20.8% during the 3rd quarter. HWG Holdings LP now owns 62,464 shares of the information services provider’s stock valued at $10,360,000 after buying an additional 10,765 shares during the period. Canal Capital Management LLC grew its stake in shares of Alphabet by 0.4% during the 3rd quarter. Canal Capital Management LLC now owns 52,014 shares of the information services provider’s stock valued at $8,626,000 after buying an additional 198 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its stake in shares of Alphabet by 44.0% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 6,725 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 2,055 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

NASDAQ GOOGL opened at $176.51 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $162.86 and a two-hundred day moving average price of $169.36. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the firm posted $1.55 earnings per share. Analysts forecast that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 232,052 shares of company stock worth $38,424,448 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research reports. Citigroup boosted their price objective on shares of Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Roth Mkm upped their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JMP Securities upped their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

About Alphabet

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.