Tandem Capital Management Corp ADV Buys 370 Shares of Alphabet Inc. (NASDAQ:GOOG)

Tandem Capital Management Corp ADV increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,024 shares of the information services provider’s stock after acquiring an additional 370 shares during the quarter. Alphabet comprises about 1.7% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 18th largest holding. Tandem Capital Management Corp ADV’s holdings in Alphabet were worth $3,201,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC increased its holdings in shares of Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after purchasing an additional 184 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Alphabet during the 2nd quarter valued at approximately $37,000. HWG Holdings LP bought a new stake in Alphabet in the 2nd quarter worth approximately $40,000. Slocum Gordon & Co LLP purchased a new stake in shares of Alphabet during the 2nd quarter worth approximately $44,000. Finally, Hoese & Co LLP boosted its position in shares of Alphabet by 62.5% during the 2nd quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of several research reports. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Oppenheimer decreased their target price on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. UBS Group dropped their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Pivotal Research assumed coverage on Alphabet in a research note on Tuesday, October 1st. They set a “buy” rating and a $215.00 price objective on the stock. Finally, TD Cowen raised their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Stock Up 1.5 %

NASDAQ:GOOG opened at $166.99 on Friday. The company has a market cap of $2.06 trillion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $163.35 and a 200-day simple moving average of $170.04.

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.