Aviso Financial Inc. Acquires 10,634 Shares of Alphabet Inc. $GOOG

Key Points

• Aviso Financial Inc. increased its stake in Alphabet Inc. by 3.0% during the 1st quarter, owning a total of 364,185 shares valued at approximately $56.9 million.
• Alphabet's recent quarterly earnings were strong, reporting $2.31 earnings per share, exceeding consensus estimates, with revenue reaching $96.43 billion, a year-over-year increase of 13.8%.
• The company announced a quarterly dividend of $0.21 per share, with the payment date set for September 15th, reflecting an annualized yield of 0.4%.

Aviso Financial Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,185 shares of the information services provider's stock after buying an additional 10,634 shares during the period. Alphabet accounts for approximately 2.8% of Aviso Financial Inc.'s holdings, making the stock its 13th biggest holding. Aviso Financial Inc.'s holdings in Alphabet were worth $56,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Nuveen LLC acquired a new position in Alphabet during the 1st quarter worth about $2,622,943,000. GAMMA Investing LLC lifted its position in Alphabet by 18,562.3% during the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock worth $2,237,733,000 after buying an additional 14,246,573 shares in the last quarter. Vanguard Group Inc. lifted its position in Alphabet by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after buying an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Alphabet by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock worth $15,971,861,000 after buying an additional 9,243,959 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after buying an additional 7,917,625 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Trading Up 4.0%

Alphabet stock traded up $8.0060 during trading hours on Friday, reaching $208.6260. 13,868,711 shares of the company's stock traded hands, compared to its average volume of 23,643,541. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.35 and a beta of 1.02. The firm's 50 day moving average is $187.09 and its 200-day moving average is $174.87.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the prior year, the company posted $1.89 EPS. The company's revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's dividend payout ratio is 8.95%.

Analyst Ratings Changes

GOOG has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Barclays reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. The Goldman Sachs Group restated a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Monday, June 2nd. Finally, BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $215.19.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 15,000 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company's stock, valued at $44,656,704. This represents a 5.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares of the company's stock, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,719 shares of company stock valued at $47,223,172. Insiders own 12.99% of the company's stock.

About Alphabet

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.