Alphabet Inc. (NASDAQ:GOOG) Position Decreased by Oregon Public Employees Retirement Fund


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Oregon Public Employees Retirement Fund cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,247 shares of the information services provider’s stock after selling 3,476 shares during the period. Alphabet comprises approximately 1.3% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 9th biggest holding. Oregon Public Employees Retirement Fund’s holdings in Alphabet were worth $96,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Alphabet by 62.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 410,254 shares of the information services provider’s stock worth $602,909,000 after purchasing an additional 157,323 shares in the last quarter. SB Management Ltd purchased a new stake in shares of Alphabet during the third quarter worth about $205,740,000. Natixis increased its stake in shares of Alphabet by 186.2% during the third quarter. Natixis now owns 140,579 shares of the information services provider’s stock worth $206,595,000 after purchasing an additional 91,458 shares in the last quarter. Artemis Investment Management LLP grew its stake in Alphabet by 180.5% during the 4th quarter. Artemis Investment Management LLP now owns 128,508 shares of the information services provider’s stock valued at $225,433,000 after acquiring an additional 82,694 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Alphabet by 40.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 234,410 shares of the information services provider’s stock valued at $236,617,000 after acquiring an additional 67,275 shares in the last quarter. Institutional investors own 31.94% of the company’s stock.

In other Alphabet news, Director John L. Hennessy sold 70 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $2,085.54, for a total transaction of $145,987.80. Following the sale, the director now directly owns 41 shares in the company, valued at approximately $85,507.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Philipp Schindler sold 1,385 shares of the stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the sale, the senior vice president now owns 18,712 shares in the company, valued at $34,656,308.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,999 shares of company stock worth $5,434,607. 12.99% of the stock is owned by company insiders.

Several brokerages recently issued reports on GOOG. Mizuho upped their price objective on shares of Alphabet from $2,100.00 to $2,350.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Canaccord Genuity upped their price objective on shares of Alphabet from $2,250.00 to $2,400.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Wedbush upped their price objective on shares of Alphabet from $2,150.00 to $2,470.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Robert W. Baird upped their price objective on shares of Alphabet from $1,675.00 to $1,725.00 in a research note on Friday, October 30th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 30th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,184.71.

Shares of GOOG stock traded down $10.87 during trading hours on Tuesday, hitting $2,054.01. The company had a trading volume of 38,402 shares, compared to its average volume of 1,637,658. The company’s fifty day moving average is $1,922.66 and its 200 day moving average is $1,706.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. Alphabet Inc. has a fifty-two week low of $1,013.54 and a fifty-two week high of $2,152.68. The stock has a market capitalization of $1.38 trillion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping the consensus estimate of $15.91 by $6.39. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm had revenue of $56.90 billion for the quarter, compared to analyst estimates of $52.86 billion. During the same period in the prior year, the business posted $15.35 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 52.19 earnings per share for the current year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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