Aviso Financial Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,551 shares of the information services provider's stock after purchasing an additional 10,878 shares during the period. Alphabet makes up about 3.4% of Aviso Financial Inc.'s portfolio, making the stock its 9th biggest position. Aviso Financial Inc.'s holdings in Alphabet were worth $67,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its stake in shares of Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after purchasing an additional 1,041 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock valued at $19,642,000 after purchasing an additional 14,738 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Alphabet by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock worth $50,488,000 after acquiring an additional 4,292 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $927,000. Finally, Stevens Capital Management LP lifted its stake in shares of Alphabet by 172.9% during the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider's stock worth $15,254,000 after acquiring an additional 57,810 shares during the last quarter. 27.26% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,882 shares of company stock worth $17,934,130 in the last ninety days. 12.99% of the stock is owned by insiders.
Alphabet Trading Down 2.5 %
Shares of NASDAQ:GOOG opened at $164.73 on Friday. Alphabet Inc. has a 12-month low of $141.13 and a 12-month high of $208.70. The business's fifty day simple moving average is $187.92 and its 200-day simple moving average is $177.92. The company has a market capitalization of $2.01 trillion, a PE ratio of 20.46, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio (DPR) is 9.94%.
Wall Street Analysts Forecast Growth
GOOG has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Scotiabank raised their price target on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $209.13.
Get Our Latest Report on GOOG
About Alphabet
(
Free Report)
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.
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