Tandem Wealth Advisors LLC Has $997,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Tandem Wealth Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,266 shares of the information services provider’s stock after acquiring an additional 305 shares during the quarter. Alphabet makes up approximately 0.5% of Tandem Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Tandem Wealth Advisors LLC’s holdings in Alphabet were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Planning Associates Inc bought a new stake in Alphabet during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in Alphabet during the fourth quarter worth about $39,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC grew its stake in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 1.7 %

Shares of GOOGL opened at $156.31 on Wednesday. The firm has a 50 day simple moving average of $167.17 and a two-hundred day simple moving average of $176.14. The company has a market cap of $1.91 trillion, a P/E ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the transaction, the director now owns 7,613 shares of the company’s stock, valued at $1,232,544.70. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,663 shares of company stock worth $20,286,447 in the last three months. 11.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Thursday, April 10th. KeyCorp decreased their price objective on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Piper Sandler dropped their target price on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Citigroup reduced their price target on Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.72.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.