Oregon Public Employees Retirement Fund Buys 3,238 Shares of Alphabet Inc. $GOOG

Oregon Public Employees Retirement Fund raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 584,395 shares of the information services provider’s stock after purchasing an additional 3,238 shares during the period. Alphabet comprises approximately 2.1% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 7th largest position. Oregon Public Employees Retirement Fund’s holdings in Alphabet were worth $199,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morton Brown Family Wealth LLC lifted its stake in shares of Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Alphabet during the second quarter valued at about $29,000. Livelsberger Financial Advisory bought a new stake in Alphabet during the third quarter valued at about $37,000. Toth Financial Advisory Corp bought a new stake in Alphabet during the second quarter valued at about $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in Alphabet during the second quarter valued at about $46,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 247 shares of company stock valued at $79,238 in the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $281.74 on Friday. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The stock has a fifty day moving average price of $330.86 and a 200-day moving average price of $337.20. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.45 trillion, a PE ratio of 14.70, a P/E/G ratio of 0.87 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period in the previous year, the business earned $2.87 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Citizens Jmp lowered shares of Alphabet from a “mkt outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Wells Fargo & Company set a $365.00 price target on shares of Alphabet in a research report on Monday. Sanford C. Bernstein restated a “market perform” rating and issued a $325.00 price target on shares of Alphabet in a report on Thursday, October 29th. Finally, DA Davidson cut their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $413.38.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.