Hudson Valley Investment Advisors Inc. ADV Has $6.50 Million Stake in Alphabet Inc (GOOG)

Hudson Valley Investment Advisors Inc. ADV lifted its position in Alphabet Inc (NASDAQ:GOOG) by 2,059.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,443 shares of the information services provider’s stock after purchasing an additional 5,191 shares during the quarter. Alphabet accounts for approximately 1.5% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 17th biggest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Alphabet were worth $6,496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMS Capital Management boosted its stake in shares of Alphabet by 2.9% in the 2nd quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after purchasing an additional 41 shares during the last quarter. Trust Co. of Virginia VA boosted its stake in shares of Alphabet by 7.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after purchasing an additional 41 shares during the last quarter. Intl Fcstone Inc. boosted its stake in shares of Alphabet by 13.8% in the 2nd quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock valued at $387,000 after purchasing an additional 42 shares during the last quarter. Security National Trust Co. boosted its stake in shares of Alphabet by 1.9% in the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after purchasing an additional 42 shares during the last quarter. Finally, Providence First Trust Co boosted its stake in shares of Alphabet by 2.7% in the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after purchasing an additional 42 shares during the last quarter. 40.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GOOG opened at $1,036.58 on Friday. The company has a market capitalization of $731.24 billion, a P/E ratio of 23.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a fifty-two week low of $980.64 and a fifty-two week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating analysts’ consensus estimates of $10.41 by $2.65. The business had revenue of $27.16 billion for the quarter. Alphabet had a net margin of 14.45% and a return on equity of 19.40%.

Several research analysts have recently issued reports on the stock. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, August 29th. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, August 27th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, September 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,301.81.

In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $1,190.96, for a total transaction of $95,276.80. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $462,092.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director L John Doerr sold 11,908 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the sale, the director now owns 3,485 shares in the company, valued at $3,658,413.60. The disclosure for this sale can be found here. Insiders sold a total of 89,437 shares of company stock worth $98,403,047 over the last quarter. 13.11% of the stock is currently owned by corporate insiders.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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