Public Employees Retirement Association of Colorado reduced its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,845 shares of the information services provider’s stock after selling 491 shares during the period. Alphabet comprises about 2.8% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 4th largest holding. Public Employees Retirement Association of Colorado’s holdings in Alphabet were worth $460,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Garrett Wealth Advisory Group LLC purchased a new stake in Alphabet during the 3rd quarter worth about $39,000. Litman Gregory Asset Management LLC purchased a new stake in Alphabet during the 2nd quarter worth about $37,000. Lipe & Dalton purchased a new stake in Alphabet during the 2nd quarter worth about $49,000. Johnson Financial Group Inc. lifted its holdings in Alphabet by 26.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 48 shares of the information services provider’s stock worth $52,000 after buying an additional 10 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC purchased a new stake in Alphabet during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 33.56% of the company’s stock.

A number of analysts have issued reports on the company. BMO Capital Markets lifted their price target on Alphabet from $1,245.00 to $1,250.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. FBN Securities set a $1,400.00 price target on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. Susquehanna Bancshares lifted their price target on Alphabet to $1,550.00 in a report on Friday, July 26th. MKM Partners reaffirmed a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a report on Friday, August 2nd. Finally, Pivotal Research reaffirmed a “hold” rating and set a $1,445.00 price target on shares of Alphabet in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,406.25.

GOOGL stock traded up $2.06 during trading on Friday, hitting $1,309.00. The company had a trading volume of 1,519,600 shares, compared to its average volume of 1,555,468. The firm has a 50-day moving average price of $1,241.32 and a 200-day moving average price of $1,181.32. The firm has a market cap of $895.48 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $977.66 and a 1-year high of $1,322.65.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). The firm had revenue of $33.01 billion for the quarter, compared to analysts’ expectations of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period last year, the firm earned $13.06 EPS. Sell-side analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current year.

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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