Railway Pension Investments Ltd Sells 125,800 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Railway Pension Investments Ltd trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 954,620 shares of the information services provider’s stock after selling 125,800 shares during the period. Alphabet makes up approximately 1.4% of Railway Pension Investments Ltd’s holdings, making the stock its 16th largest holding. Railway Pension Investments Ltd’s holdings in Alphabet were worth $144,081,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. increased its stake in Alphabet by 7.2% in the fourth quarter. FAS Wealth Partners Inc. now owns 25,983 shares of the information services provider’s stock valued at $3,630,000 after acquiring an additional 1,735 shares during the period. TIAA Trust National Association boosted its position in Alphabet by 2.4% in the fourth quarter. TIAA Trust National Association now owns 1,056,176 shares of the information services provider’s stock valued at $147,537,000 after buying an additional 24,765 shares in the last quarter. Unionview LLC increased its holdings in shares of Alphabet by 16.1% during the fourth quarter. Unionview LLC now owns 5,340 shares of the information services provider’s stock worth $746,000 after buying an additional 740 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Alphabet by 4.8% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,722 shares of the information services provider’s stock worth $3,314,000 after acquiring an additional 1,086 shares in the last quarter. Finally, Buck Wealth Strategies LLC grew its position in Alphabet by 14.8% during the 4th quarter. Buck Wealth Strategies LLC now owns 53,506 shares of the information services provider’s stock worth $7,474,000 after acquiring an additional 6,897 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the sale, the chief executive officer now owns 2,258,011 shares in the company, valued at $391,132,665.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The disclosure for this sale can be found here. Insiders have sold 99,808 shares of company stock worth $17,732,125 in the last quarter. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Loop Capital reissued a “hold” rating and issued a $170.00 price objective on shares of Alphabet in a research note on Wednesday, July 3rd. Susquehanna raised their price objective on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research report on Monday, April 29th. Truist Financial boosted their target price on shares of Alphabet from $190.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, TD Securities upped their price objective on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $203.74.

Alphabet Trading Down 0.1 %

GOOGL traded down $0.11 during trading on Tuesday, hitting $159.14. The company’s stock had a trading volume of 21,464,791 shares, compared to its average volume of 28,126,527. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 24.40, a PEG ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The stock’s fifty day moving average price is $178.11 and its 200-day moving average price is $161.69. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. During the same period last year, the company posted $1.44 earnings per share. Analysts anticipate that Alphabet Inc. will post 7.62 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, September 9th. Alphabet’s payout ratio is presently 12.27%.

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.