Tandem Wealth Advisors LLC Invests $473,000 in Alphabet Inc. (NASDAQ:GOOGL)

Tandem Wealth Advisors LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,357 shares of the information services provider’s stock, valued at approximately $473,000. Alphabet accounts for 0.3% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Vanguard Group Inc. grew its position in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares during the period. State Street Corp grew its position in Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after acquiring an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC grew its position in Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after acquiring an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD grew its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after acquiring an additional 109,870,525 shares during the period. Finally, Norges Bank purchased a new stake in Alphabet during the fourth quarter valued at about $8,335,063,000. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 29,006 shares of the stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the completion of the transaction, the insider now directly owns 24,277 shares of the company’s stock, valued at approximately $2,472,369.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, insider John Kent Walker sold 29,006 shares of the stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the completion of the transaction, the insider now directly owns 24,277 shares of the company’s stock, valued at approximately $2,472,369.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 28,960 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $14.87, for a total value of $430,635.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 810,993 shares of company stock valued at $29,335,058. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOOGL shares. Raymond James boosted their price target on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Evercore ISI boosted their price target on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Sanford C. Bernstein decreased their target price on Alphabet from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. Wolfe Research upped their target price on Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Truist Financial upped their target price on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.67.

Alphabet Stock Performance

Shares of GOOGL stock opened at $123.53 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. The business has a 50 day simple moving average of $115.08 and a 200 day simple moving average of $102.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same period in the prior year, the company posted $1.23 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 5.41 EPS for the current year.

Alphabet Profile

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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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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