NatWest Group plc Has $17.28 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

NatWest Group plc cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,294 shares of the information services provider’s stock after selling 2,125 shares during the quarter. Alphabet comprises 5.1% of NatWest Group plc’s holdings, making the stock its 6th biggest position. NatWest Group plc’s holdings in Alphabet were worth $17,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Alphabet by 0.9% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,931 shares of the information services provider’s stock valued at $10,437,000 after purchasing an additional 574 shares in the last quarter. RFG Holdings Inc. increased its stake in Alphabet by 8.8% during the 3rd quarter. RFG Holdings Inc. now owns 1,862 shares of the information services provider’s stock valued at $309,000 after buying an additional 151 shares during the period. First Affirmative Financial Network raised its position in shares of Alphabet by 74.6% during the 3rd quarter. First Affirmative Financial Network now owns 18,525 shares of the information services provider’s stock worth $3,072,000 after buying an additional 7,917 shares in the last quarter. Level Financial Advisors acquired a new stake in shares of Alphabet in the 3rd quarter worth approximately $469,000. Finally, Meyer Handelman Co. boosted its holdings in shares of Alphabet by 3.3% in the third quarter. Meyer Handelman Co. now owns 109,283 shares of the information services provider’s stock valued at $18,125,000 after acquiring an additional 3,450 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,529 shares of company stock valued at $16,600,078. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. BMO Capital Markets reissued an “outperform” rating and issued a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, Wedbush upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Stock Performance

Shares of GOOGL stock opened at $185.23 on Tuesday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The stock’s 50-day moving average is $192.85 and its two-hundred day moving average is $175.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. The firm has a market cap of $2.27 trillion, a P/E ratio of 23.01, a PEG ratio of 1.39 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. Analysts predict that Alphabet Inc. will post 8.91 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is currently 9.94%.

Alphabet Company 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.