Gilder Gagnon Howe & Co. LLC Increases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Gilder Gagnon Howe & Co. LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,157 shares of the information services provider's stock after acquiring an additional 4,158 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Alphabet were worth $76,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet during the fourth quarter worth $43,000. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $203.94.

Alphabet Price Performance

Shares of Alphabet stock traded down $3.08 on Wednesday, reaching $158.98. The stock had a trading volume of 8,130,107 shares, compared to its average volume of 19,195,898. The business's 50 day moving average is $163.26 and its two-hundred day moving average is $177.23. The company has a market cap of $1.94 trillion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. 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 (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the business earned $1.89 EPS. The business's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.53%. Alphabet's payout ratio is presently 9.36%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock valued at $25,361,647. Insiders own 12.99% of the company's stock.

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.