Gilder Gagnon Howe & Co. LLC Has $96.22 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Gilder Gagnon Howe & Co. LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 508,277 shares of the information services provider's stock after selling 6,211 shares during the period. Alphabet makes up approximately 1.0% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 27th biggest holding. Gilder Gagnon Howe & Co. LLC's holdings in Alphabet were worth $96,217,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the fourth quarter worth $39,000. PayPay Securities Corp raised its stake in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in Alphabet in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. Wedbush set a $190.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a research report on Tuesday, April 15th. BMO Capital Markets reissued an "outperform" rating and set a $200.00 price target (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Stifel Nicolaus lowered their price objective on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Truist Financial reduced their target price on Alphabet from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $198.89.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. Corporate insiders own 11.55% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $3.25 on Wednesday, hitting $156.91. 11,853,626 shares of the company were exchanged, compared to its average volume of 28,159,028. 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's 50 day moving average price is $161.20 and its two-hundred day moving average price is $175.49. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion during 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%. During the same quarter last year, the company earned $1.89 EPS. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.54%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

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.