Gilder Gagnon Howe & Co. LLC Sells 6,211 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Gilder Gagnon Howe & Co. LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,277 shares of the information services provider's stock after selling 6,211 shares during the quarter. Alphabet comprises 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.

A number of other institutional investors have also made changes to their positions in the business. Coldstream Capital Management Inc. lifted its position in shares of Alphabet by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 138,658 shares of the information services provider's stock valued at $26,248,000 after acquiring an additional 4,835 shares during the period. Capital Analysts LLC lifted its position in shares of Alphabet by 58.9% during the 4th quarter. Capital Analysts LLC now owns 59,558 shares of the information services provider's stock valued at $11,275,000 after acquiring an additional 22,071 shares during the period. Core Wealth Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $221,000. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Alphabet by 32.6% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 11,935 shares of the information services provider's stock valued at $2,259,000 after acquiring an additional 2,935 shares during the period. Finally, Three Seasons Wealth LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $634,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,163 shares of company stock worth $25,361,647. Insiders own 11.55% of the company's stock.

Alphabet Stock Down 0.8 %

Shares of Alphabet stock traded down $1.35 during trading on Monday, reaching $160.61. 29,697,494 shares of the company traded hands, compared to its average volume of 28,296,295. 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 Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a 50 day moving average price of $162.18 and a 200-day moving average price of $175.62. The firm has a market capitalization of $1.96 trillion, a PE ratio of 19.95, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (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 company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the company earned $1.89 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.52%. Alphabet's dividend payout ratio is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent analyst reports. DA Davidson dropped their price objective on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a research report on Tuesday, April 1st. KeyCorp upped their price objective on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer upped their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Cantor Fitzgerald dropped their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.63.

Alphabet 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.