B & T Capital Management DBA Alpha Capital Management Sells 289 Shares of Alphabet Inc. $GOOG

B & T Capital Management DBA Alpha Capital Management cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 9.9% in the second quarter, HoldingsChannel reports. The firm owned 2,635 shares of the information services provider’s stock after selling 289 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Alphabet were worth $467,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Hartford Financial Management Inc. boosted its holdings in Alphabet by 1.3% in the second quarter. Hartford Financial Management Inc. now owns 25,512 shares of the information services provider’s stock worth $4,526,000 after purchasing an additional 327 shares in the last quarter. Rational Advisors Inc. bought a new stake in Alphabet in the second quarter worth $632,000. City State Bank boosted its holdings in Alphabet by 3.8% in the second quarter. City State Bank now owns 18,169 shares of the information services provider’s stock worth $3,223,000 after purchasing an additional 660 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Alphabet by 2.7% in the second quarter. Fielder Capital Group LLC now owns 6,868 shares of the information services provider’s stock worth $1,218,000 after purchasing an additional 183 shares in the last quarter. Finally, Hobart Private Capital LLC bought a new stake in Alphabet in the second quarter worth $290,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 3.6%

GOOG stock opened at $269.93 on Tuesday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $270.80. The company has a market cap of $3.26 trillion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The business’s 50-day simple moving average is $238.65 and its 200 day simple moving average is $197.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOG. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Lake Street Capital reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Oppenheimer set a $300.00 price target on Alphabet and gave the company an “outperform” rating in a research report on Monday, October 20th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.45.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 103 shares of Alphabet stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39. Following the sale, the director directly owned 17,284 shares of the company’s stock, valued at $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This trade represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock valued at $55,805,379 over the last quarter. Company insiders own 12.99% of the company’s stock.

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.