Tandem Investment Partners LLC Takes $208,000 Position in Alphabet Inc. $GOOGL

Key Points

• Tandem Investment Partners LLC has acquired a new position in Alphabet Inc., purchasing 1,180 shares valued at approximately $208,000 in the second quarter.
• Sundar Pichai, CEO of Alphabet, sold 32,500 shares on August 6th for around $6.38 million, reducing his ownership by 1.29%.
• Alphabet recently announced a quarterly dividend of $0.21 per share, translating to an annual yield of 0.4%.

Tandem Investment Partners LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,180 shares of the information services provider's stock, valued at approximately $208,000.

Several other large investors also recently modified their holdings of GOOGL. Guardian Wealth Management Inc. grew its holdings in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. acquired a new position in Alphabet in the 1st quarter valued at $28,000. IMA Advisory Services Inc. acquired a new position in Alphabet in the 1st quarter valued at $28,000. NBZ Investment Advisors LLC grew its holdings in Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after buying an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Alphabet in the 1st quarter valued at $39,000. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $196.23, for a total value of $6,377,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,494,892 shares in the company, valued at approximately $489,572,657.16. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,338 shares of company stock worth $59,062,683. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $236.57 on Monday. The stock's 50-day simple moving average is $226.31 and its 200 day simple moving average is $188.84. The firm has a market capitalization of $2.86 trillion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is currently 8.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GOOGL shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, September 3rd. Citizens Jmp upped their price objective on Alphabet from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Friday, September 19th. Rosenblatt Securities upped their price objective on Alphabet from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Cantor Fitzgerald reissued a "neutral" rating and set a $201.00 target price on shares of Alphabet in a report on Wednesday, September 24th. Finally, Melius Research increased their target price on Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.88.

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.

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