Meeder Asset Management Inc. Has $1.90 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Meeder Asset Management Inc. grew its position in Alphabet Inc (NASDAQ:GOOGL) by 18.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,751 shares of the information services provider’s stock after purchasing an additional 268 shares during the period. Meeder Asset Management Inc.’s holdings in Alphabet were worth $1,896,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Thoroughbred Financial Services LLC lifted its position in Alphabet by 205,910.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after buying an additional 3,391,353 shares in the last quarter. Fisher Asset Management LLC lifted its position in Alphabet by 4.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,424,101 shares of the information services provider’s stock worth $1,542,017,000 after buying an additional 61,029 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its position in Alphabet by 0.8% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,188,100 shares of the information services provider’s stock worth $1,285,453,000 after buying an additional 10,000 shares in the last quarter. Packer & Co Ltd lifted its position in Alphabet by 4,018.6% during the 2nd quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after buying an additional 935,325 shares in the last quarter. Finally, Investec Asset Management LTD lifted its position in Alphabet by 2.4% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock worth $623,117,000 after buying an additional 15,090 shares in the last quarter. Institutional investors own 34.09% of the company’s stock.

Shares of GOOGL stock traded down $5.67 on Tuesday, reaching $1,194.77. The company had a trading volume of 330,783 shares, compared to its average volume of 1,845,357. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The stock has a market cap of $825.56 billion, a PE ratio of 25.15, a PEG ratio of 1.30 and a beta of 0.97. The company has a 50-day moving average of $1,166.17 and a 200-day moving average of $1,158.61. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating analysts’ consensus estimates of $11.49 by $2.72. The company had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. Sell-side analysts anticipate that Alphabet Inc will post 51.94 earnings per share for the current year.

GOOGL has been the topic of several research reports. Macquarie set a $1,300.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Nomura reiterated a “buy” rating and set a $1,400.00 price target (up previously from $1,300.00) on shares of Alphabet in a research report on Friday, July 26th. FBN Securities set a $1,400.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 26th. Loop Capital initiated coverage on shares of Alphabet in a research report on Monday, June 3rd. They set a “hold” rating and a $1,250.00 price target on the stock. Finally, MKM Partners reiterated a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,371.05.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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