Meeder Advisory Services Inc. Purchases 15,888 Shares of Alphabet Inc. $GOOGL

Meeder Advisory Services Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,373 shares of the information services provider’s stock after purchasing an additional 15,888 shares during the period. Alphabet accounts for 2.0% of Meeder Advisory Services Inc.’s portfolio, making the stock its 11th biggest position. Meeder Advisory Services Inc.’s holdings in Alphabet were worth $55,168,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC increased its stake in shares of Alphabet by 6.0% in the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock worth $137,000 after acquiring an additional 27 shares in the last quarter. Rockbridge Investment Management LCC boosted its stake in Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC boosted its stake in Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC grew its holdings in Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC increased its stake in shares of Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $339.35 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market capitalization of $4.15 trillion, a P/E ratio of 17.04, a PEG ratio of 0.97 and a beta of 1.24. The business has a fifty day moving average of $349.41 and a 200 day moving average of $342.01. Alphabet Inc. has a one year low of $206.20 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 4.42%.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The shares were 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 451,925 shares of company stock worth $12,371,544 over the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Arete Research boosted their price target on Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. KeyCorp lifted their price objective on Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a report on Thursday, July 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $410.00 target price on shares of Alphabet in a research note on Thursday, August 20th. Finally, New Street Research raised their price target on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, June 5th. Six research 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 stock has a consensus rating of “Buy” and an average price target of $420.19.

More Alphabet News

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 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.