Hudson Portfolio Management LLC Has $7.61 Million Position in Alphabet Inc. $GOOG

Key Points

• Hudson Portfolio Management trimmed its Alphabet stake by 11.5% in the fourth quarter, but GOOG remains its largest holding at 6.5% of the portfolio, worth about $7.61 million.
• Alphabet’s recent quarterly results were strong, with EPS of $5.11 beating estimates and revenue rising 21.8% year over year to $109.9 billion. Analysts remain broadly bullish, with a consensus rating of Buy and an average price target of $376.78.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while shares recently traded near $358 and remain close to their 50-day moving average.

Hudson Portfolio Management LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,252 shares of the information services provider's stock after selling 3,156 shares during the period. Alphabet comprises 6.5% of Hudson Portfolio Management LLC's holdings, making the stock its biggest holding. Hudson Portfolio Management LLC's holdings in Alphabet were worth $7,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Alphabet in the fourth quarter valued at $18,093,665,000. Cardano Risk Management B.V. boosted its stake in shares of Alphabet by 850.3% during the 4th quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock worth $5,551,938,000 after acquiring an additional 15,830,754 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Alphabet by 130.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,280,970 shares of the information services provider's stock worth $2,598,568,000 after purchasing an additional 4,680,460 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GOOG. KeyCorp reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, May 20th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the stock a "buy" rating in a report on Friday, March 13th. Citigroup reaffirmed a "market outperform" rating on shares of Alphabet in a research note on Monday, June 1st. Oppenheimer raised their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $435.00 target price on shares of Alphabet in a research report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $376.78.

Alphabet Price Performance

GOOG stock opened at $358.16 on Monday. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47. The company's 50 day simple moving average is $357.71 and its 200-day simple moving average is $329.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 27.32, a P/E/G ratio of 1.53 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm's revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares in the company, valued at $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 191,966 shares of company stock valued at $16,963,968 over the last three months. 12.99% of the stock is owned by insiders.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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