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Alphabet Inc. $GOOGL Stake Lifted by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC increased its stake in Alphabet Inc. by 14.6% in Q2, now holding 48,678 shares worth $8.58 million. Other institutional investors also adjusted their holdings. Alphabet's stock is trading at $299.66 with a market cap of $3.62 trillion. The company reported strong Q3 earnings and announced a quarterly dividend. Recent insider transactions included sales by Directors John L. Hennessy and Frances Arnold. Analysts have given positive ratings, with Oppenheimer raising its target price to $300.

Market Beat·
US
GOOG
+3.33%
US
GOOGL
+3.53%
US
GGLS
-3.50%
Market Beat·
US
GOOG
+3.33%
US
GOOGL
+3.53%
US
GGLS
-3.50%

New World Advisors LLC Sells 1,326 Shares of Alphabet Inc. $GOOG

New World Advisors LLC reduced its stake in Alphabet Inc. by 19% in the 2nd quarter, selling 1,326 shares. The firm now holds 5,662 shares worth $1,004,000, making Alphabet its 19th largest holding. Other hedge funds also adjusted their positions in Alphabet. Alphabet's stock opened at $299.65 with a market cap of $3.62 trillion. The company reported strong quarterly earnings and declared a quarterly dividend of $0.21 per share. Analysts have given Alphabet a consensus rating of 'Moderate Buy' with an average price target of $324.81.

Market Beat·
US
GOOG
+3.33%
US
GOOGL
+3.53%
US
GGLS
-3.50%
Market Beat·
US
GOOG
+3.33%
US
GOOGL
+3.53%
US
GGLS
-3.50%

New World Advisors LLC Purchases 3,620 Shares of Exxon Mobil Corporation $XOM

New World Advisors LLC increased its stake in Exxon Mobil Corporation by 34.4% in Q2, purchasing an additional 3,620 shares, totaling 14,134 shares worth $1,524,000. Exxon Mobil is now the 11th largest position in their portfolio. Other institutional investors also made significant investments in Exxon Mobil. Analysts have given the stock a consensus rating of 'Moderate Buy' with an average price target of $128.67. Exxon Mobil's stock opened at $117.08 on Friday, with a market cap of $493.75 billion.

Market Beat·
US
XOM
+0.05%
Market Beat·
US
XOM
+0.05%

Mufg Securities Americas Inc. Increases Holdings in Alphabet Inc. $GOOG

Mufg Securities Americas Inc. increased its stake in Alphabet Inc. by 24.3% in Q2, owning 104,049 shares worth $18.46 million. Alphabet's stock performance is strong, with a market cap of $3.62 trillion and a recent earnings beat. Analysts have given Alphabet a consensus rating of "Moderate Buy" with a price target of $324.81. Institutional investors own 27.26% of Alphabet's stock.

Market Beat·
US
MUFG
+2.15%
US
GOOG
+3.33%
US
GOOGL
+3.53%
Market Beat·
US
MUFG
+2.15%
US
GOOG
+3.33%
US
GOOGL
+3.53%

Does Berkshire's big tech bet signal a new risk tolerance in Omaha?

Berkshire Hathaway's recent purchase of 17.8 million Alphabet shares, now valued at $5.35 billion, suggests a potential shift towards higher risk investments for greater rewards. While Warren Buffett is often credited, the decision likely came from portfolio managers Ted Weschler or Todd Combs. This move may indicate a new approach under CEO-designate Greg Abel, contrasting Buffett's traditional caution with tech investments. The purchase has positively impacted Alphabet's stock, reflecting a broader acceptance of tech's growth potential.

CNBC·
US
GOOGL
+3.53%
US
BRK.B
+0.58%
US
BRK.A
+0.09%
CNBC·
US
GOOGL
+3.53%
US
BRK.B
+0.58%
US
BRK.A
+0.09%