Meeder Asset Management Inc. Has $9.03 Million Stake in Alphabet Inc (GOOG)

Meeder Asset Management Inc. decreased its position in Alphabet Inc (NASDAQ:GOOG) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,411 shares of the information services provider’s stock after selling 1,765 shares during the period. Alphabet accounts for approximately 1.0% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 11th largest position. Meeder Asset Management Inc.’s holdings in Alphabet were worth $9,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Blue Fin Capital Inc. boosted its position in shares of Alphabet by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock worth $1,295,000 after purchasing an additional 5 shares during the period. Winch Advisory Services LLC boosted its position in shares of Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock worth $3,394,000 after purchasing an additional 289 shares during the period. OLD National Bancorp IN boosted its position in shares of Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock worth $3,873,000 after purchasing an additional 21 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock worth $77,388,000 after purchasing an additional 3,691 shares during the period. Finally, C WorldWide Group Holding A S boosted its position in shares of Alphabet by 11.4% during the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock worth $407,537,000 after purchasing an additional 50,375 shares during the period. 34.64% of the stock is owned by institutional investors and hedge funds.

In related news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $36,451.88. Following the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,723,790.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the sale, the director now owns 3,485 shares in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 32,900 shares of company stock worth $33,139,660 over the last 90 days. Company insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,064.95 on Thursday. Alphabet Inc has a fifty-two week low of $770.41 and a fifty-two week high of $1,078.49. The firm has a market cap of $748,398.00, a price-to-earnings ratio of 36.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period last year, the business earned $9.06 EPS. The company’s revenue was up 23.7% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Vetr cut shares of Alphabet from a “hold” rating to a “sell” rating and set a $1,019.04 price objective for the company. in a research report on Wednesday. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. JMP Securities reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Monness Crespi & Hardt reissued a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $1,046.24.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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