Oregon Public Employees Retirement Fund boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,495 shares of the information services provider’s stock after acquiring an additional 541 shares during the quarter. Alphabet accounts for approximately 0.9% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 16th biggest position. Oregon Public Employees Retirement Fund’s holdings in Alphabet were worth $59,277,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Doyle Wealth Management raised its position in shares of Alphabet by 6.6% during the first quarter. Doyle Wealth Management now owns 9,238 shares of the information services provider’s stock valued at $9,581,000 after buying an additional 572 shares during the last quarter. Apertura Capital LLC increased its position in Alphabet by 197.8% in the first quarter. Apertura Capital LLC now owns 14,888 shares of the information services provider’s stock worth $15,441,000 after purchasing an additional 9,888 shares during the last quarter. Lee Capital Management LP increased its position in Alphabet by 28.4% in the first quarter. Lee Capital Management LP now owns 5,880 shares of the information services provider’s stock worth $6,098,000 after purchasing an additional 1,300 shares during the last quarter. Russell Investments Group Ltd. increased its position in Alphabet by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 505,531 shares of the information services provider’s stock worth $521,847,000 after purchasing an additional 4,026 shares during the last quarter. Finally, Tdam USA Inc. increased its position in Alphabet by 21.5% in the first quarter. Tdam USA Inc. now owns 3,281 shares of the information services provider’s stock worth $3,403,000 after purchasing an additional 580 shares during the last quarter. Institutional investors own 30.54% of the company’s stock.

A number of analysts have recently issued reports on GOOGL shares. Macquarie reissued a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a research note on Thursday, September 27th. Pivotal Research lowered their price objective on shares of Alphabet from $1,080.00 to $1,010.00 and set a “hold” rating for the company in a research note on Friday, October 12th. MKM Partners upped their price objective on shares of Alphabet from $1,355.00 to $1,465.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $1,515.00 target price (up from $1,325.00) on shares of Alphabet in a report on Wednesday, August 29th. Finally, Wedbush assumed coverage on shares of Alphabet in a report on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,330.16.

Shares of GOOGL stock opened at $1,078.08 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The firm has a market capitalization of $739.35 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 1.31 and a beta of 1.06. Alphabet Inc has a fifty-two week low of $984.00 and a fifty-two week high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating analysts’ consensus estimates of $10.54 by $2.52. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. Sell-side analysts expect that Alphabet Inc will post 45.02 EPS for the current year.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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