6,385 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,385 shares of the information services provider's stock, valued at approximately $1,209,000. Alphabet makes up about 0.9% of Kazazian Asset Management LLC's portfolio, making the stock its 25th biggest holding.

Other hedge funds have also bought and sold shares of the company. Schear Investment Advisers LLC lifted its position in shares of Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after buying an additional 4,905 shares during the last quarter. Permanent Capital Management LP bought a new stake in shares of Alphabet during the 4th quarter valued at about $273,000. Landscape Capital Management L.L.C. grew its holdings in Alphabet by 27.9% in the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after purchasing an additional 5,516 shares during the period. Glass Wealth Management Co LLC boosted its holdings in Alphabet by 4.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Olistico Wealth LLC grew its holdings in shares of Alphabet by 9.1% during the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after buying an additional 746 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. KeyCorp dropped their price target on Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Stifel Nicolaus lifted their price target on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, DA Davidson lifted their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Alphabet Stock Performance

Shares of GOOGL traded down $6.32 on Thursday, reaching $150.72. 46,763,615 shares of the company's stock traded hands, compared to its average volume of 27,470,814. The stock has a market cap of $1.84 trillion, a PE ratio of 18.72, a PEG ratio of 1.34 and a beta of 1.03. The stock's 50 day simple moving average is $176.24 and its two-hundred day simple moving average is $176.77. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.

Insider Buying and Selling

In related news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,297 shares of company stock valued at $15,936,270 over the last three months. 11.55% of the stock is owned by company insiders.

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.