Alphabet Inc. $GOOG is Aviso Financial Inc.’s 10th Largest Position

Aviso Financial Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 375,342 shares of the information services provider’s stock after buying an additional 11,157 shares during the period. Alphabet makes up 3.0% of Aviso Financial Inc.’s portfolio, making the stock its 10th largest holding. Aviso Financial Inc.’s holdings in Alphabet were worth $66,582,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in Alphabet by 580,897.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after purchasing an additional 135,064,454 shares during the last quarter. Nuveen LLC purchased a new stake in Alphabet during the first quarter worth $2,622,943,000. 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. increased 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 worth $15,971,861,000 after purchasing an additional 9,243,959 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Alphabet during the first quarter worth about $369,713,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research reports. Rosenblatt Securities set a $279.00 price objective on Alphabet in a report on Thursday, October 30th. KeyCorp reiterated an “overweight” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Scotiabank set a $336.00 target price on Alphabet and gave the company a “sector outperform” rating in a report on Thursday, October 30th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $324.81.

Alphabet Stock Up 6.3%

GOOG opened at $318.47 on Tuesday. The business’s 50-day simple moving average is $264.32 and its 200-day simple moving average is $215.82. The stock has a market capitalization of $3.84 trillion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a one year low of $142.66 and a one year high of $319.80. 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 (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. Alphabet’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 8.28%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the transaction, the director directly owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the completion of the sale, the chief accounting officer directly owned 11,739 shares in the company, valued at approximately $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 227,952 shares of company stock valued at $58,896,009 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

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.