Alphabet Inc. (GOOG) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,590 shares of the information services provider’s stock after selling 53 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Alphabet were worth $9,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. raised its holdings 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 worth $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank raised its holdings in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the period. St. Johns Investment Management Company LLC raised its holdings 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 worth $156,000 after purchasing an additional 157 shares during the period. Cribstone Capital Management LLC raised its holdings in Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after purchasing an additional 10 shares during the period. Finally, Baker Boyer National Bank bought a new position in Alphabet in the 2nd quarter worth $200,000. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

GOOG has been the topic of a number of recent research reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price on the stock. in a report on Wednesday, August 30th. Canaccord Genuity cut Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Finally, UBS AG reaffirmed a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,034.31.

In other Alphabet news, Director L John Doerr sold 13,556 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,213,692.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 629 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total transaction of $586,404.12. Following the transaction, the director now directly owns 1,781 shares in the company, valued at $1,660,390.68. The disclosure for this sale can be found here. Insiders have sold a total of 40,694 shares of company stock worth $38,042,264 over the last quarter. 13.92% of the stock is owned by company insiders.

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Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 972.60 on Wednesday. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The stock’s 50 day moving average is $936.57 and its 200-day moving average is $922.23. The stock has a market capitalization of $673.89 billion, a price-to-earnings ratio of 35.25 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period last year, the business earned $8.42 EPS. Alphabet’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post $30.59 EPS for the current fiscal 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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