Hudson Portfolio Management LLC Sells 67 Shares of Alphabet Inc. (NASDAQ:GOOG)

Hudson Portfolio Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,806 shares of the information services provider’s stock after selling 67 shares during the quarter. Alphabet comprises about 5.4% of Hudson Portfolio Management LLC’s investment portfolio, making the stock its largest holding. Hudson Portfolio Management LLC’s holdings in Alphabet were worth $5,486,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in Alphabet during the 4th quarter worth $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the fourth quarter valued at about $43,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 over the last quarter. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Benchmark restated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Westpark Capital assumed coverage on Alphabet in a report on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $208.71.

Alphabet Price Performance

Shares of GOOG stock opened at $159.40 on Friday. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a market capitalization of $1.94 trillion, a P/E ratio of 19.80, a P/E/G ratio of 1.34 and a beta of 1.04. The stock has a 50 day moving average of $170.50 and a two-hundred day moving average of $177.89. 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:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.