Public Employees Retirement System of Ohio increased its holdings in Alphabet Inc (NASDAQ:GOOG) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 209,024 shares of the information services provider’s stock after acquiring an additional 4,059 shares during the period. Alphabet makes up about 1.0% of Public Employees Retirement System of Ohio’s holdings, making the stock its 12th largest holding. Public Employees Retirement System of Ohio’s holdings in Alphabet were worth $189,946,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GOOG. Amussen Hunsaker & Associates LLC acquired a new position in Alphabet during the second quarter worth $1,404,000. GWM Advisors LLC lifted its stake in Alphabet by 154.1% during the second quarter. GWM Advisors LLC now owns 798 shares of the information services provider’s stock worth $741,000 after purchasing an additional 484 shares in the last quarter. Wealthsource Partners LLC lifted its stake in Alphabet by 36.9% during the second quarter. Wealthsource Partners LLC now owns 371 shares of the information services provider’s stock worth $337,000 after purchasing an additional 100 shares in the last quarter. Koch Industries Inc. lifted its stake in Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after purchasing an additional 1,161,184 shares in the last quarter. Finally, National Asset Management Inc. lifted its stake in Alphabet by 1.2% during the second quarter. National Asset Management Inc. now owns 2,304 shares of the information services provider’s stock worth $2,093,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 34.74% of the company’s stock.

A number of research analysts have commented on GOOG shares. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target on the stock. in a research note on Wednesday, August 30th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. UBS restated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research note on Monday, September 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,047.45.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total value of $3,833,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $175,544.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,900 shares of company stock worth $36,837,100. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,040.48 on Wednesday. Alphabet Inc has a 52 week low of $770.41 and a 52 week high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $720,543.44, a price-to-earnings ratio of 34.72 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period last year, the firm earned $9.06 earnings per share. Alphabet’s quarterly revenue was up 23.7% on a year-over-year basis.

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Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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