Gladstone Capital Management LLP Sells 866,411 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Gladstone Capital Management LLP decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,438 shares of the information services provider's stock after selling 866,411 shares during the period. Alphabet comprises approximately 0.1% of Gladstone Capital Management LLP's portfolio, making the stock its 21st biggest holding. Gladstone Capital Management LLP's holdings in Alphabet were worth $1,219,000 at the end of the most recent reporting period.

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

Alphabet Stock Down 1.0 %

NASDAQ:GOOGL traded down $1.57 during mid-day trading on Tuesday, hitting $157.50. 7,935,808 shares of the company's stock were exchanged, compared to its average volume of 28,145,536. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The business has a fifty day moving average price of $167.87 and a 200 day moving average price of $176.28. The company has a market cap of $1.92 trillion, a PE ratio of 19.56, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group set a $190.00 price target on shares of Alphabet in a research report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush boosted their target price on Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.49.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value 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. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,497 shares of company stock valued at $20,837,150. Insiders own 11.55% of the company's stock.

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.