Metis Global Partners LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 71.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,620 shares of the information services provider’s stock after purchasing an additional 69,888 shares during the period. Alphabet accounts for approximately 1.3% of Metis Global Partners LLC’s portfolio, making the stock its 6th largest holding. Metis Global Partners LLC’s holdings in Alphabet were worth $14,789,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Willow Creek Wealth Management Inc. increased its holdings in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after buying an additional 17,631 shares during the period. Bfsg LLC increased its holdings in shares of Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after buying an additional 4,975 shares during the period. Ibex Investors LLC bought a new stake in shares of Alphabet in the fourth quarter worth about $2,617,000. Arjuna Capital grew its stake in shares of Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock worth $11,253,000 after purchasing an additional 3,427 shares during the last quarter. Finally, Bridgewater Advisors Inc. grew its stake in shares of Alphabet by 3,005.0% in the third quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after purchasing an additional 65,329 shares during the last quarter. 34.06% of the stock is owned by institutional investors.
Insider Transactions at Alphabet
In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the completion of the purchase, the insider now owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average cost of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the purchase, the insider now owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total transaction of $57,425.55. Following the completion of the transaction, the chief accounting officer now owns 25,442 shares in the company, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,039 shares of company stock worth $14,153,031. 11.44% of the stock is currently owned by insiders.
Alphabet Stock Up 0.8 %
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period in the prior year, the company earned $1.23 EPS. Analysts forecast that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on GOOGL shares. Wolfe Research raised their target price on Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Truist Financial lifted their price objective on Alphabet from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of Alphabet in a research report on Friday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alphabet in a research report on Monday, April 3rd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.06.
Alphabet Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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