Railway Pension Investments Ltd Has $332.01 Million Position in Alphabet Inc. $GOOGL

Key Points

• Railway Pension Investments increased its Alphabet stake by 1% in the second quarter, owning 929,030 shares valued at approximately $332 million. Alphabet represents 4.2% of the fund’s portfolio and is its third-largest holding.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $420.19, despite one firm lowering its target. Alphabet recently reported $9.11 in quarterly EPS and $119.8 billion in revenue, exceeding expectations.
• Alphabet shares opened at $338.50, while insiders sold roughly $12 million of stock over the past 90 days. The company also announced a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.

Railway Pension Investments Ltd increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 929,030 shares of the information services provider's stock after acquiring an additional 8,840 shares during the quarter. Alphabet comprises approximately 4.2% of Railway Pension Investments Ltd's holdings, making the stock its 3rd largest holding. Railway Pension Investments Ltd's holdings in Alphabet were worth $332,007,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. EMC Capital Management acquired a new stake in Alphabet during the fourth quarter worth about $33,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $52,000. Finally, Graney & King LLC grew its holdings in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after purchasing an additional 50 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 450,875 shares of company stock valued at $11,984,482. Company insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GOOGL shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a report on Thursday, July 23rd. New Street Research lifted their target price on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, June 5th. KeyCorp upped their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Finally, Piper Sandler reissued an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $420.19.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $338.50 on Monday. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61. The firm's 50-day simple moving average is $346.75 and its 200 day simple moving average is $343.88. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.14 trillion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, research analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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