Alphabet Inc. (GOOGL) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,291 shares of the information services provider’s stock after buying an additional 539 shares during the period. Alphabet makes up approximately 1.2% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 6th largest position. Oregon Public Employees Retirement Fund’s holdings in Alphabet were worth $68,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Alphabet during the second quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of Alphabet during the first quarter worth $108,000. Delta Asset Management LLC TN raised its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the period. Farmers National Bank raised its position in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after buying an additional 56 shares during the period. 34.31% of the stock is owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ GOOGL) traded up 0.70% during trading on Friday, reaching $930.09. 1,616,708 shares of the company were exchanged. The company’s 50-day moving average price is $957.55 and its 200-day moving average price is $908.38. The stock has a market capitalization of $644.44 billion, a P/E ratio of 33.71 and a beta of 0.99. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same period last year, the company posted $8.42 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $30.59 EPS for the current year.

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A number of brokerages have weighed in on GOOGL. B. Riley reaffirmed a “buy” rating and issued a $1,032.00 target price on shares of Alphabet in a report on Friday, April 28th. MKM Partners reissued a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Jefferies Group LLC reissued a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a report on Tuesday, April 18th. Instinet reissued a “buy” rating and set a $925.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $962.00 price objective on the stock in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and an average target price of $1,049.20.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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