Investors mixed on Alphabet Inc., with some increasing stakes despite its strong earnings beat.

Institutional investors are adjusting their stakes in Alphabet Inc., with some increasing and others reducing their holdings. Souders Financial Advisors, for example, boosted their position by 7.5%, while Atlantic Union Bankshares Corp reduced theirs by 5.0%. Alphabet reported strong earnings of $2.81 per share, exceeding the consensus estimate of $2.02 and revenue of $90.23 billion, surpassing expectations. Analysts predict an EPS of 8.9 for the year. The company's stock has a market cap of $2.26 trillion and a price-to-earnings ratio of 20.73.