Meeder Advisory Services Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,890 shares of the information services provider's stock after selling 5,118 shares during the quarter. Alphabet makes up approximately 1.4% of Meeder Advisory Services Inc.'s investment portfolio, making the stock its 14th largest position. Meeder Advisory Services Inc.'s holdings in Alphabet were worth $39,534,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Auto Owners Insurance Co increased its position in shares of Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after buying an additional 111,699,704 shares in the last quarter. Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter valued at $18,093,665,000. Cardano Risk Management B.V. raised its position in Alphabet by 850.3% in the 4th quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock valued at $5,551,938,000 after purchasing an additional 15,830,754 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on GOOG. Oppenheimer reaffirmed an "outperform" rating and set a $400.00 price target (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 target price on Alphabet in a report on Wednesday, May 20th. Truist Financial dropped their price target on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average price target of $415.55.
Check Out Our Latest Stock Report on GOOG
Insider Activity at Alphabet
In related news, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 over the last three months. Insiders own 12.99% of the company's stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google is expanding Gemini’s commercial reach by allowing Wix users to create complete websites within Google’s AI assistant. The move could increase Gemini engagement and strengthen Alphabet’s position in generative AI applications. Google Is Turning Gemini Into a Website Builder
- Positive Sentiment: Google Cloud entered an enterprise AI partnership with Verizon, supporting Alphabet’s efforts to monetize AI infrastructure and services with large corporate customers. Alphabet's Google Cloud Enters Enterprise AI Partnership With Verizon
- Positive Sentiment: Investment commentary remains constructive on Alphabet’s sustainable growth outlook, citing its competitive advantages, strong profitability, revenue momentum and expanding cloud business. Alphabet’s Sustainable Growth Outlook Appears Stronger Than Expectations
- Positive Sentiment: Google reportedly plans to move all Pixel manufacturing out of China by 2027, shifting production toward Vietnam and India. The change could diversify supply chains and reduce geopolitical exposure, although transition costs remain possible. Google Plans to Move Pixel Manufacturing Out of China
- Neutral Sentiment: Alphabet was among the technology and social-media stocks showing strength, reflecting broader sector momentum rather than a company-specific catalyst. Social-Media Trade Splits
- Neutral Sentiment: Investors are watching a recently announced Google agreement with Marvell, which could provide additional insight into Alphabet’s AI hardware and data-center requirements when Marvell reports earnings. Marvell Earnings and Google Agreement
- Negative Sentiment: Analysts flagged negative free cash flow as a concern because Alphabet’s AI leadership requires heavy spending on data centers, chips and infrastructure. A potential $25 billion bond offering and reported off-balance-sheet commitments are also prompting capital-allocation questions. Alphabet Opinions on AI Advancements and Bond Offering
- Negative Sentiment: A delay in the next Gemini Pro release could leave Alphabet without a new flagship model tier in the near term, raising concerns about AI product execution and competitive pressure. Gemini Pro Delay
Alphabet Stock Performance
NASDAQ GOOG opened at $344.59 on Tuesday. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $349.89 and a 200-day moving average of $339.72. Alphabet Inc. has a fifty-two week low of $205.95 and a fifty-two week high of $404.47.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. During the same period last year, the company earned $2.31 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.
Alphabet Profile
(
Free Report)
Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.
Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
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