Alphabet Inc. (NASDAQ:GOOG) is Tweedy Browne Co LLC’s 8th Largest Position

Tweedy Browne Co LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,476 shares of the information services provider’s stock after selling 34,235 shares during the quarter. Alphabet makes up 3.0% of Tweedy Browne Co LLC’s portfolio, making the stock its 8th biggest holding. Tweedy Browne Co LLC’s holdings in Alphabet were worth $62,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GOOG. Norges Bank purchased a new position in Alphabet during the 4th quarter valued at approximately $4,101,040,000. International Assets Investment Management LLC purchased a new position in Alphabet during the 4th quarter valued at approximately $11,600,970,000. Cerity Partners LLC grew its holdings in Alphabet by 198.7% during the 4th quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after buying an additional 2,583,128 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Alphabet by 93.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,591,383 shares of the information services provider’s stock valued at $647,064,000 after buying an additional 2,222,950 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Alphabet by 50.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,918,113 shares of the information services provider’s stock valued at $596,572,000 after buying an additional 1,308,691 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,488 shares of company stock valued at $25,217,405. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.1 %

Shares of NASDAQ:GOOG traded up $0.22 on Friday, reaching $187.52. The company had a trading volume of 6,492,040 shares, compared to its average volume of 20,648,775. Alphabet Inc. has a 52-week low of $118.68 and a 52-week high of $193.31. The firm’s 50 day simple moving average is $178.83 and its 200-day simple moving average is $158.76. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.32 trillion, a PE ratio of 28.74, a PEG ratio of 1.45 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

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.