Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 985,451 shares of the information services provider’s stock after selling 42,635 shares during the quarter. Alphabet comprises about 7.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 2nd biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alphabet were worth $179,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. TrinityPoint Wealth LLC grew its holdings in shares of Alphabet by 1.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 59,125 shares of the information services provider’s stock valued at $8,259,000 after buying an additional 907 shares during the last quarter. MainStreet Investment Advisors LLC grew its holdings in shares of Alphabet by 4.0% during the fourth quarter. MainStreet Investment Advisors LLC now owns 148,129 shares of the information services provider’s stock valued at $20,692,000 after buying an additional 5,730 shares during the last quarter. Brady Family Wealth LLC grew its holdings in shares of Alphabet by 8.9% during the fourth quarter. Brady Family Wealth LLC now owns 65,433 shares of the information services provider’s stock valued at $9,140,000 after buying an additional 5,367 shares during the last quarter. CBIZ Investment Advisory Services LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $272,000. Finally, PineStone Asset Management Inc. grew its holdings in shares of Alphabet by 22.6% during the fourth quarter. PineStone Asset Management Inc. now owns 5,070,862 shares of the information services provider’s stock valued at $708,349,000 after buying an additional 934,817 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $163.59 on Monday. The company’s 50 day moving average is $164.72 and its 200-day moving average is $165.79. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.02 trillion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the previous year, the company earned $1.44 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now directly owns 28,524 shares of the company’s stock, valued at approximately $4,385,565. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,167 shares of company stock valued at $29,762,606. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of analyst reports. DA Davidson initiated coverage on shares of Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Loop Capital reiterated a “hold” rating and set a $170.00 price objective on shares of Alphabet in a report on Wednesday, July 3rd. Evercore ISI dropped their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Roth Mkm reissued a “buy” rating and set a $206.00 price target on shares of Alphabet in a research report on Thursday, August 29th. Finally, Piper Sandler dropped their price target on shares of Alphabet from $206.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.08.

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.