Oregon Public Employees Retirement Fund cut its position in Alphabet Inc (NASDAQ:GOOGL) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,537 shares of the information services provider’s stock after selling 432 shares during the quarter. Alphabet accounts for 0.9% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 16th biggest holding. Oregon Public Employees Retirement Fund’s holdings in Alphabet were worth $54,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. FMR LLC boosted its stake in Alphabet by 5.5% during the 3rd quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after purchasing an additional 858,589 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Alphabet by 118,334.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,287,743 shares of the information services provider’s stock valued at $3,968,570,000 after purchasing an additional 3,284,967 shares during the last quarter. Jennison Associates LLC boosted its stake in Alphabet by 4.4% during the 4th quarter. Jennison Associates LLC now owns 2,007,710 shares of the information services provider’s stock valued at $2,097,977,000 after purchasing an additional 84,865 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Alphabet by 118,282.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,814,798 shares of the information services provider’s stock valued at $2,137,263,000 after purchasing an additional 1,813,265 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Alphabet by 6.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,671,001 shares of the information services provider’s stock valued at $2,017,032,000 after purchasing an additional 95,096 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.

NASDAQ:GOOGL opened at $1,170.80 on Thursday. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $789.07 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping analysts’ consensus estimates of $10.56 by $1.34. The company had revenue of $29.48 billion for the quarter, compared to analysts’ expectations of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same quarter in the previous year, the firm posted $13.33 EPS. As a group, sell-side analysts expect that Alphabet Inc will post 48.44 EPS for the current year.

A number of equities analysts have issued reports on the company. Nomura cut their price target on Alphabet from $1,310.00 to $1,300.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a research note on Tuesday, April 30th. Deutsche Bank lifted their price target on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on Alphabet from $1,100.00 to $1,200.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Finally, JMP Securities restated an “outperform” rating and issued a $1,375.00 target price (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,328.88.

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Alphabet Profile

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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