Voisard Asset Management Group Inc. Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Voisard Asset Management Group Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,327 shares of the information services provider’s stock, valued at approximately $469,000. Alphabet comprises about 0.3% of Voisard Asset Management Group Inc.’s portfolio, making the stock its 27th biggest holding.

A number of other large investors also recently bought and sold shares of GOOG. FMR LLC boosted its position in shares of Alphabet by 3.8% during the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after purchasing an additional 4,348,188 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Alphabet by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares during the period. Capital International Investors grew its stake in shares of Alphabet by 1.1% in the fourth quarter. Capital International Investors now owns 80,246,520 shares of the information services provider’s stock valued at $11,309,370,000 after buying an additional 862,550 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Alphabet by 2.3% in the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock valued at $7,550,942,000 after buying an additional 1,275,060 shares during the period. Finally, Norges Bank acquired a new position in Alphabet during the 4th quarter worth about $4,101,040,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on GOOG shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $165.67.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $149.50, for a total value of $74,750.00. Following the completion of the transaction, the director now directly owns 8,791 shares of the company’s stock, valued at $1,314,254.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total value of $74,750.00. Following the completion of the sale, the director now directly owns 8,791 shares of the company’s stock, valued at $1,314,254.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,958 shares of company stock valued at $25,805,853. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.9 %

Shares of GOOG stock traded up $1.63 during trading hours on Friday, reaching $178.37. 12,355,314 shares of the stock were exchanged, compared to its average volume of 21,295,016. The business’s fifty day moving average is $169.66 and its two-hundred day moving average is $152.30. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 27.36, a P/E/G ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $182.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. As a group, research analysts expect that Alphabet Inc. will post 7.69 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is currently 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.