Meeder Asset Management Inc. reduced its stake in Alphabet Inc (NASDAQ:GOOGL) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,641 shares of the information services provider’s stock after selling 96 shares during the period. Meeder Asset Management Inc.’s holdings in Alphabet were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Pure Financial Advisors Inc. lifted its stake in Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares during the last quarter. First Bank & Trust lifted its stake in Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after purchasing an additional 2 shares during the last quarter. Fort Pitt Capital Group LLC lifted its stake in Alphabet by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock valued at $672,000 after purchasing an additional 2 shares during the last quarter. RB Capital Management LLC lifted its stake in Alphabet by 0.4% during the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after purchasing an additional 3 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Alphabet by 0.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 3 shares during the last quarter. 33.53% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. UBS restated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus boosted their price target on shares of Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Bank of America restated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Robert W. Baird restated an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, August 26th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,089.17.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,073.56 on Thursday. Alphabet Inc has a 12 month low of $789.62 and a 12 month high of $1,086.49. The company has a market cap of $750,232.25, a price-to-earnings ratio of 36.15, a PEG ratio of 1.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the prior year, the business posted $9.06 EPS. research analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current year.

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About Alphabet

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:GOOGL)

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