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Alphabet reported strong earnings, surpassing estimates, as major investors adjusted their stakes.
Several institutional investors adjusted their stakes in Alphabet Inc. this quarter.
Farmers Trust Co. reduced its holdings by 4.8%, while Global Financial Private Client LLC increased its position by 3.1%.
Alphabet reported strong earnings of $2.81 per share, surpassing analyst expectations by $0.79.
The company's stock is valued at $2.09 trillion, with a P/E ratio of 21.49 and a $0.84 annualized dividend.
Analysts have a "Moderate Buy" rating on Alphabet with a $203.94 price target.
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Alphabet reportó ganancias fuertes, superando las estimaciones, ya que los principales inversores ajustaron sus participaciones.