Meeder Asset Management Inc. Sells 3,074 Shares of Alphabet Inc. $GOOGL

Meeder Asset Management Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,669 shares of the information services provider's stock after selling 3,074 shares during the period. Meeder Asset Management Inc.'s holdings in Alphabet were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management bought a new position in Alphabet in the fourth quarter worth about $33,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at about $52,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOGL. Dbs Bank boosted their price objective on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. New Street Research lifted their price target on shares of Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, June 5th. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Citigroup reiterated an "outperform" rating on shares of Alphabet in a report on Monday, May 4th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $410.00 price objective on shares of Alphabet in a research report on Thursday, August 20th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $420.19.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 451,925 shares of company stock valued at $12,371,544. Insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of GOOGL opened at $339.35 on Tuesday. The business's 50-day moving average is $349.41 and its two-hundred day moving average is $342.01. The company has a market capitalization of $4.15 trillion, a P/E ratio of 17.04, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a fifty-two week low of $206.20 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and growth outlook. Citizens analyst Andrew Boone expects the stock to reach a new record high over the next 12 months, while other commentary highlights strong cloud momentum and argues that market concerns about Alphabet may be excessive. Wall Street analyst sets Google price target One Mag 7 Stock to Watch
• Positive Sentiment: Google- and Meta-backed Jio Platforms received approval for an Indian IPO. The listing could provide Alphabet with a potential valuation catalyst for its investment and increase visibility into the value of the stake. Jio Platforms IPO approval
• Neutral Sentiment: Alphabet is balancing record cloud growth against historically high AI-related capital spending. Investors are focused on whether rising infrastructure costs will generate sufficient future revenue and margins compared with Amazon’s spending strategy. Alphabet and Amazon AI capital spending
• Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,692, reducing her direct holdings by 0.43%. The relatively small transaction is unlikely to materially change the investment case, but it may attract limited attention amid the stock’s recent volatility. Alphabet insider transaction filing
• Negative Sentiment: Fresh scrutiny of Google’s £260 million U.K. app-store settlement added to regulatory pressure. Reports also say Google changed European search rules to avoid a potentially much larger EU revenue penalty, though the concessions could weaken its search economics and competitive position. Google U.K. app-store settlement Google European search rules
• Negative Sentiment: Investors continue to debate whether Meta’s AI products could challenge Google Search and whether Alphabet’s AI investment will pressure returns before producing meaningful new revenue. Concerns about talent departures and the uncertain reception for future Gemini releases are also weighing on sentiment. Meta AI competition with Google Search

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source