BTC Capital Management Inc. continued to hold its position in Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253 shares of the information services provider’s stock at the close of the second quarter. BTC Capital Management Inc.’s holdings in Alphabet were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of GOOG. Riggs Asset Managment Co. Inc. grew its stake in Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares during the last quarter. Farmers National Bank grew its stake in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC grew its stake in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the last quarter. Cribstone Capital Management LLC grew its stake in Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after buying an additional 10 shares during the last quarter. Finally, Baker Boyer National Bank acquired a new position in Alphabet in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 34.50% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://theolympiareport.com/2017/11/02/btc-capital-management-inc-has-229000-position-in-alphabet-inc-goog.html.

Several analysts have issued reports on GOOG shares. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. UBS AG restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Barclays PLC restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. JMP Securities restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,045.44.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the transaction, the chief executive officer now owns 1,471 shares in the company, valued at approximately $1,461,556.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $931.32, for a total transaction of $1,862,640.00. Following the transaction, the senior vice president now owns 800 shares of the company’s stock, valued at approximately $745,056. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,493 shares of company stock valued at $31,427,581. Company insiders own 13.92% of the company’s stock.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the business earned $9.06 EPS. The company’s revenue was up 23.7% compared to the same quarter last year.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.