Hudson Bay Capital Management LP Has $40.14 Million Holdings in Alphabet Inc. $GOOG

Hudson Bay Capital Management LP trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 74.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,251 shares of the information services provider’s stock after selling 645,739 shares during the period. Hudson Bay Capital Management LP’s holdings in Alphabet were worth $40,135,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GOOG. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in Alphabet by 4.0% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock worth $3,929,000 after acquiring an additional 976 shares during the last quarter. Boston Partners boosted its position in Alphabet by 7.5% during the 1st quarter. Boston Partners now owns 18,582 shares of the information services provider’s stock worth $2,903,000 after acquiring an additional 1,292 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Alphabet by 49.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 23,889 shares of the information services provider’s stock worth $3,732,000 after acquiring an additional 7,856 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its holdings in shares of Alphabet by 31.4% in the first quarter. Fox Run Management L.L.C. now owns 4,961 shares of the information services provider’s stock valued at $775,000 after purchasing an additional 1,185 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. HSBC restated a “buy” rating and set a $335.00 target price on shares of Alphabet in a report on Thursday, October 30th. BNP Paribas assumed coverage on Alphabet in a report on Monday, November 24th. They issued an “outperform” rating for the company. Rosenblatt Securities set a $279.00 target price on Alphabet in a research report on Thursday, October 30th. KeyCorp reiterated an “overweight” rating and set a $330.00 target price on shares of Alphabet in a report on Thursday, October 30th. Finally, Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 7th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $313.04.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $310.52 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $283.75 and its two-hundred day moving average price is $230.33. The company has a market cap of $3.75 trillion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $328.67.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. On average, analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is currently 8.28%.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. This represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 228,906 shares of company stock valued at $62,127,158 over the last ninety days. 12.99% of the stock is currently owned by company insiders.

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.