Nissay Asset Management Corp Japan ADV raised its holdings in Avalara, Inc. (NYSE:AVLR) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,631 shares of the company’s stock after purchasing an additional 166 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Avalara were worth $1,423,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of AVLR. FMR LLC grew its holdings in Avalara by 128.3% in the first quarter. FMR LLC now owns 404,634 shares of the company’s stock valued at $22,575,000 after purchasing an additional 227,359 shares during the period. First Trust Advisors LP acquired a new stake in Avalara in the first quarter valued at approximately $3,424,000. Merriman Wealth Management LLC acquired a new stake in Avalara in the third quarter valued at approximately $480,000. Xponance Inc. grew its holdings in Avalara by 8.6% in the third quarter. Xponance Inc. now owns 8,614 shares of the company’s stock valued at $1,097,000 after purchasing an additional 679 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Avalara by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 53,145 shares of the company’s stock worth $6,767,000 after acquiring an additional 1,769 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors.
In other Avalara news, insider Scott M. Mcfarlane sold 10,000 shares of Avalara stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $169.64, for a total value of $1,696,400.00. Following the sale, the insider now owns 621,274 shares in the company, valued at $105,392,921.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott M. Mcfarlane sold 20,000 shares of Avalara stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $170.73, for a total value of $3,414,600.00. Insiders sold 177,361 shares of company stock worth $29,492,106 in the last 90 days. Company insiders own 4.00% of the company’s stock.
Avalara (NYSE:AVLR) last posted its earnings results on Wednesday, February 10th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.15. Avalara had a negative return on equity of 6.97% and a negative net margin of 10.89%. The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $133.37 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. Equities analysts predict that Avalara, Inc. will post -0.63 EPS for the current fiscal year.
AVLR has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on Avalara from $195.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, February 11th. Needham & Company LLC lifted their price target on Avalara from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Stephens reaffirmed a “buy” rating and issued a $177.00 price target on shares of Avalara in a research note on Friday. Canaccord Genuity lifted their price target on Avalara from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Finally, Evercore ISI assumed coverage on Avalara in a research note on Friday, December 18th. They issued an “outperform” rating and a $220.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Avalara presently has a consensus rating of “Buy” and an average price target of $190.40.
Avalara, Inc, together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs.
See Also: Balance Sheet
Want to see what other hedge funds are holding AVLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avalara, Inc. (NYSE:AVLR).
Receive News & Ratings for Avalara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalara and related companies with MarketBeat.com's FREE daily email newsletter.