Alphabet Inc. (GOOGL) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,592 shares of the information services provider’s stock after acquiring an additional 27,085 shares during the quarter. Alphabet accounts for 2.5% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 3rd largest holding. Public Employees Retirement Association of Colorado owned 0.05% of Alphabet worth $389,328,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Glassman Wealth Services boosted its position in Alphabet by 0.8% in the second quarter. Glassman Wealth Services now owns 376 shares of the information services provider’s stock valued at $350,000 after buying an additional 3 shares in the last quarter. Capital Counsel LLC NY boosted its position in Alphabet by 0.7% in the second quarter. Capital Counsel LLC NY now owns 602 shares of the information services provider’s stock valued at $560,000 after buying an additional 4 shares in the last quarter. GM Advisory Group Inc. boosted its position in Alphabet by 0.4% in the second quarter. GM Advisory Group Inc. now owns 905 shares of the information services provider’s stock valued at $841,000 after buying an additional 4 shares in the last quarter. SNS Financial Group LLC boosted its position in Alphabet by 1.2% in the second quarter. SNS Financial Group LLC now owns 414 shares of the information services provider’s stock valued at $385,000 after buying an additional 5 shares in the last quarter. Finally, Tradition Capital Management LLC boosted its position in Alphabet by 1.5% in the second quarter. Tradition Capital Management LLC now owns 334 shares of the information services provider’s stock valued at $311,000 after buying an additional 5 shares in the last quarter. 34.38% of the stock is currently owned by institutional investors and hedge funds.

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GOOGL stock opened at $1,077.32 on Friday. The firm has a market capitalization of $756,931.31, a P/E ratio of 33.61, a PEG ratio of 1.16 and a beta of 1.05. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $857.73 and a 12-month high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.12 by ($0.42). The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. equities analysts anticipate that Alphabet Inc. will post 41.18 earnings per share for the current fiscal year.

Alphabet announced that its board has authorized a stock repurchase plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

A number of brokerages have weighed in on GOOGL. Wells Fargo restated a “buy” rating and issued a $1,275.00 target price on shares of Alphabet in a research report on Friday, February 2nd. Cowen lifted their price target on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Oppenheimer lifted their price target on shares of Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. William Blair reiterated an “outperform” rating on shares of Alphabet in a report on Thursday, February 1st. Finally, SunTrust Banks reiterated a “buy” rating and set a $1,250.00 price target on shares of Alphabet in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,172.65.

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Alphabet Company 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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