Kazazian Asset Management LLC Takes $15.69 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Kazazian Asset Management LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 82,392 shares of the information services provider’s stock, valued at approximately $15,691,000. Alphabet comprises approximately 12.0% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also modified their holdings of GOOG. Harvest Fund Management Co. Ltd lifted its stake in shares of Alphabet by 69.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 266,327 shares of the information services provider’s stock worth $50,719,000 after acquiring an additional 108,705 shares during the last quarter. Koss Olinger Consulting LLC lifted its stake in shares of Alphabet by 27.1% during the 4th quarter. Koss Olinger Consulting LLC now owns 32,547 shares of the information services provider’s stock worth $6,198,000 after acquiring an additional 6,937 shares during the last quarter. Bestgate Wealth Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $209,000. Stokes Family Office LLC lifted its stake in shares of Alphabet by 0.6% during the 4th quarter. Stokes Family Office LLC now owns 94,860 shares of the information services provider’s stock worth $18,065,000 after acquiring an additional 525 shares during the last quarter. Finally, Councilmark Asset Management LLC lifted its stake in shares of Alphabet by 0.3% during the 4th quarter. Councilmark Asset Management LLC now owns 23,719 shares of the information services provider’s stock worth $4,517,000 after acquiring an additional 79 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now directly owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 2.3 %

Shares of NASDAQ:GOOG opened at $162.67 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.98 trillion, a PE ratio of 20.21, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12-month low of $147.01 and a 12-month high of $208.70. The business’s fifty day simple moving average is $186.10 and its 200-day simple moving average is $178.10.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Oppenheimer raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

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.