Hudson Valley Investment Advisors Inc. ADV Has $1.64 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,665 shares of the information services provider’s stock after acquiring an additional 1,500 shares during the quarter. 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 also recently modified their holdings of the stock. LMR Partners LLP acquired a new position in shares of Alphabet during the 3rd quarter worth $32,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Quarry LP bought a new stake in shares of Alphabet during the 2nd quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in Alphabet during the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC lifted its stake in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at approximately $4,406,343.27. This represents a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,887 shares of company stock valued at $27,996,356 over the last three months. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOGL. Truist Financial raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital raised their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $206.82.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $193.95 on Friday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.37 trillion, a P/E ratio of 25.72, a PEG ratio of 1.35 and a beta of 0.98. The business’s 50-day moving average price is $182.20 and its two-hundred day moving average price is $173.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm posted $1.55 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued 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 of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

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.