Alphabet Inc. $GOOGL Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 45.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. EMC Capital Management purchased a new position in Alphabet in the 4th quarter valued at about $33,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet in the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the 4th quarter worth about $52,000. Finally, iSAM Funds UK Ltd purchased a new stake in Alphabet during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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 Stock Down 2.1%

Shares of GOOGL opened at $339.35 on Tuesday. The company’s 50-day moving average price is $349.41 and its 200 day moving average price is $342.01. Alphabet Inc. has a 12-month low of $206.20 and a 12-month high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.15 trillion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 54.77% and a return on equity of 51.32%. On average, sell-side analysts forecast that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 82 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 451,925 shares of company stock worth $12,371,544. Insiders own 11.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GOOGL. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a report on Monday, June 22nd. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Pivotal Research reissued a “buy” rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $420.19.

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.