Hudson Valley Investment Advisors Inc. ADV Acquires 1,500 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,665 shares of the information services provider’s stock after purchasing an additional 1,500 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Alphabet were worth $1,640,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. LMR Partners LLP purchased a new stake in shares of Alphabet during the third quarter valued at approximately $32,000. Denver PWM LLC bought a new position in Alphabet in the 2nd quarter valued at approximately $41,000. Quarry LP purchased a new stake in Alphabet during the 2nd quarter valued at $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet in the 3rd quarter worth $66,000. Finally, Mendota Financial Group LLC raised its stake in shares of Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total transaction of $473,929.82. Following the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at approximately $4,406,343.27. This represents a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,887 shares of company stock worth $27,996,356. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $193.95 on Friday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.35 and a beta of 0.98. The firm’s fifty day moving average is $182.20 and its 200 day moving average is $173.01. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the firm earned $1.55 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Roth Mkm lifted their price objective on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $206.82.

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.