Kaizen Financial Strategies Buys 4,173 Shares of Alphabet Inc. (NASDAQ:GOOG)

Kaizen Financial Strategies boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,930 shares of the information services provider's stock after acquiring an additional 4,173 shares during the quarter. Alphabet accounts for 2.3% of Kaizen Financial Strategies' portfolio, making the stock its 10th biggest holding. Kaizen Financial Strategies' holdings in Alphabet were worth $3,986,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new position in Alphabet in the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new position in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the sale, the chief executive officer now owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,824 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,815,948.32. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,324 shares of company stock worth $30,153,353 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 1.1%

Shares of NASDAQ:GOOG traded up $1.70 during trading on Tuesday, hitting $161.28. The company's stock had a trading volume of 5,916,681 shares, compared to its average volume of 21,960,141. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The business has a 50 day moving average price of $160.65 and a two-hundred day moving average price of $176.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.96 trillion, a PE ratio of 20.01, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Alphabet's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is 9.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GOOG. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. UBS Group lowered their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Wedbush restated an "outperform" rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

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.