BTR Capital Management Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,974 shares of the information services provider’s stock after selling 212 shares during the quarter. Alphabet comprises about 3.0% of BTR Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. BTR Capital Management Inc.’s holdings in Alphabet were worth $14,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alta Capital Management LLC lifted its position in shares of Alphabet by 1.3% during the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after purchasing an additional 1,001 shares in the last quarter. Patriot Wealth Management Inc. lifted its position in shares of Alphabet by 2.6% during the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after purchasing an additional 141 shares in the last quarter. Girard Partners LTD. lifted its position in shares of Alphabet by 10.7% during the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock worth $3,839,000 after purchasing an additional 439 shares in the last quarter. Courier Capital LLC lifted its position in shares of Alphabet by 7.9% during the first quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock worth $523,000 after purchasing an additional 45 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its position in shares of Alphabet by 11.0% during the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock worth $1,471,000 after purchasing an additional 172 shares in the last quarter. 33.85% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Sunday. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research report on Friday. Wells Fargo & Company reissued an “outperform” rating and set a $1,250.00 price target on shares of Alphabet in a research report on Wednesday, September 27th. Bank of America Corporation reissued a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $1,075.00 price target on shares of Alphabet in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,057.04.

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Alphabet Inc. (GOOGL) traded up 0.86% during midday trading on Friday, reaching $993.64. The company’s stock had a trading volume of 1,553,033 shares. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The company’s 50-day moving average price is $947.52 and its 200-day moving average price is $937.02. The company has a market capitalization of $688.47 billion, a price-to-earnings ratio of 36.01 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same period in the previous year, the company posted $8.42 EPS. On average, analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Alphabet 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:GOOGL)

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