6,235 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Tandem Investment Partners LLC

Tandem Investment Partners LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,235 shares of the information services provider’s stock, valued at approximately $1,187,000. Alphabet comprises approximately 1.1% of Tandem Investment Partners LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds also recently added to or reduced their stakes in GOOG. Straightline Group LLC acquired a new position in Alphabet during the fourth quarter worth $422,000. Bernard Wealth Management Corp. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $564,000. Capula Management Ltd purchased a new stake in Alphabet in the fourth quarter valued at approximately $83,794,000. Shelton Capital Management raised its holdings in shares of Alphabet by 5.6% in the 4th quarter. Shelton Capital Management now owns 329,765 shares of the information services provider’s stock valued at $62,800,000 after buying an additional 17,412 shares during the period. Finally, Rollins Financial Advisors LLC lifted its position in shares of Alphabet by 13.5% during the fourth quarter. Rollins Financial Advisors LLC now owns 2,689 shares of the information services provider’s stock worth $512,000 after purchasing an additional 320 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,797 shares of company stock valued at $21,089,470. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

GOOG stock opened at $149.24 on Tuesday. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.82 trillion, a PE ratio of 18.54, a P/E/G ratio of 1.34 and a beta of 1.04. The firm has a 50-day moving average of $176.15 and a two-hundred day moving average of $178.45.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. On average, analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $208.65.

About Alphabet

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.