Aviso Financial Inc. Grows Position in 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. lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,185 shares of the information services provider's stock after buying an additional 10,634 shares during the quarter. Alphabet makes up about 2.8% of Aviso Financial Inc.'s investment portfolio, making the stock its 13th largest position. Aviso Financial Inc.'s holdings in Alphabet were worth $56,897,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of GOOG. Nuveen LLC purchased a new stake in Alphabet in the first quarter worth about $2,622,943,000. GAMMA Investing LLC lifted its position in shares of Alphabet by 18,562.3% during the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after buying an additional 14,246,573 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock valued at $64,299,725,000 after buying an additional 9,687,855 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock valued at $15,971,861,000 after buying an additional 9,243,959 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after buying an additional 7,917,625 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,819 shares of company stock worth $49,796,547. 12.99% of the stock is owned by company insiders.

Alphabet Stock Up 0.5%

GOOG opened at $204.91 on Monday. The business's fifty day moving average is $185.21 and its two-hundred day moving average is $174.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.38 and a beta of 1.02. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The business 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 business earned $1.89 earnings per share. The business's revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's dividend payout ratio is 8.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GOOG shares. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on Alphabet from $200.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Monday, June 2nd. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Finally, Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Alphabet 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.

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