Metis Global Partners LLC Acquires 47,260 Shares of Alphabet Inc. (NASDAQ:GOOG)

Metis Global Partners LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 18.5% in the 4th quarter, HoldingsChannel reports. The firm owned 302,874 shares of the information services provider’s stock after purchasing an additional 47,260 shares during the quarter. Alphabet makes up 1.7% of Metis Global Partners LLC’s portfolio, making the stock its 8th largest holding. Metis Global Partners LLC’s holdings in Alphabet were worth $42,684,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOG. Valley Brook Capital Group Inc. grew its holdings in Alphabet by 4.8% during the fourth quarter. Valley Brook Capital Group Inc. now owns 8,713 shares of the information services provider’s stock worth $1,228,000 after acquiring an additional 398 shares during the period. Evergreen Wealth Management LLC increased its holdings in shares of Alphabet by 3.7% in the fourth quarter. Evergreen Wealth Management LLC now owns 8,412 shares of the information services provider’s stock valued at $1,186,000 after buying an additional 301 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of Alphabet by 44.9% during the 4th quarter. Clearstead Trust LLC now owns 21,727 shares of the information services provider’s stock valued at $3,062,000 after acquiring an additional 6,730 shares during the last quarter. Connecticut Wealth Management LLC boosted its stake in shares of Alphabet by 33.5% during the 4th quarter. Connecticut Wealth Management LLC now owns 31,038 shares of the information services provider’s stock worth $4,374,000 after acquiring an additional 7,797 shares in the last quarter. Finally, Avidian Wealth Solutions LLC boosted its position in shares of Alphabet by 7.3% in the 4th quarter. Avidian Wealth Solutions LLC now owns 14,128 shares of the information services provider’s stock valued at $1,991,000 after purchasing an additional 960 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of a number of research reports. Susquehanna upped their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer lifted their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Raymond James raised their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $165.67.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold a total of 275,129 shares of company stock worth $40,382,765 in the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG stock traded up $0.84 on Monday, reaching $169.83. 15,058,510 shares of the company were exchanged, compared to its average volume of 22,718,809. The stock’s fifty day moving average price is $151.46 and its 200 day moving average price is $143.74. Alphabet Inc. has a 12 month low of $105.79 and a 12 month high of $176.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market capitalization of $2.10 trillion, a PE ratio of 25.86, a PEG ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 7.66 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

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.