Alphabet Inc. $GOOG Stock: Oregon Public Employees Retirement Fund Increases Stake

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

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Readystate Asset Management LP bought a new stake in shares of Alphabet in the second quarter worth about $45,352,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock valued at $4,182,952,000 after acquiring an additional 6,300,900 shares during the last quarter. State Street Corp lifted its position in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the last quarter. Finally, Amundi lifted its stake in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were 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 of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 247 shares of company stock valued at $79,238 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOG stock opened at $281.74 on Friday. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 0.87 and a beta of 1.21. The stock has a fifty day simple moving average of $330.86 and a two-hundred day simple moving average 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.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend 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 is 4.59%.

Analysts Set New Price Targets

Several research analysts have issued reports on GOOG shares. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Alphabet from $425.00 to $375.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Scotiabank reissued a “sector outperform” rating and issued a $375.00 price objective (down from $450.00) on shares of Alphabet in a research report on Thursday, October 29th. Finally, DA Davidson dropped their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Six research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Trending Headlines about Alphabet

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 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.