Metis Global Partners LLC Has $46.06 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Metis Global Partners LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 302,480 shares of the information services provider’s stock after selling 394 shares during the period. Alphabet makes up about 1.7% of Metis Global Partners LLC’s portfolio, making the stock its 9th biggest position. Metis Global Partners LLC’s holdings in Alphabet were worth $46,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Raleigh Capital Management Inc. lifted its stake in shares of Alphabet by 10.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 965 shares of the information services provider’s stock worth $127,000 after acquiring an additional 91 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Alphabet by 5.1% during the 4th quarter. Capital Investment Advisors LLC now owns 30,436 shares of the information services provider’s stock worth $4,289,000 after acquiring an additional 1,483 shares during the last quarter. Pacifica Partners Inc. lifted its stake in shares of Alphabet by 1.1% during the 4th quarter. Pacifica Partners Inc. now owns 54,101 shares of the information services provider’s stock worth $7,163,000 after acquiring an additional 571 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $148,000. Finally, Tompkins Financial Corp lifted its stake in shares of Alphabet by 7.5% during the 4th quarter. Tompkins Financial Corp now owns 4,798 shares of the information services provider’s stock worth $676,000 after acquiring an additional 335 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. TD Cowen lifted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a report on Friday, June 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $174.38.

Alphabet Stock Down 0.3 %

Shares of Alphabet stock traded down $0.52 during trading on Friday, reaching $186.78. The company’s stock had a trading volume of 14,449,113 shares, compared to its average volume of 15,160,819. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 1-year low of $118.68 and a 1-year high of $193.31. The company has a 50-day simple moving average of $179.19 and a two-hundred day simple moving average of $159.06.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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 return on equity of 29.52% and a net margin of 25.90%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the sale, the chief executive officer now directly owns 2,227,385 shares of the company’s stock, valued at approximately $415,941,874.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,488 shares of company stock valued at $25,217,405. 12.99% of the stock is owned by company insiders.

Alphabet Company 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.