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Alphabet reported strong earnings and a dividend hike, as some investors sold while others bought.
McCarthy Asset Management Inc. reduced its Alphabet Inc. holdings by selling 12,560 shares, while DCM Advisors LLC and Focus Partners Advisor Solutions LLC increased their holdings.
Alphabet reported strong earnings of $2.81 per share, surpassing analyst estimates, and announced a 5.6% dividend hike.
Despite regulatory and competitive challenges, the stock has a "Moderate Buy" rating and a target price of around $200.
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Alphabet reportó ganancias fuertes y un aumento de dividendos, ya que algunos inversores vendieron mientras que otros compraron.