NBT Bank reduced its stake in Alphabet Inc. by 8.3%, while other institutions increased holdings. Analysts have mixed ratings on the stock, with a moderate buy consensus. Insiders sold shares, and the stock is up 0.7% at $163.99, with a dividend of $0.20 per share.
NBT Bank decreased its stake in Alphabet by 8.3%, reducing their holdings from 172,340 to 167,167 shares.
NBT Bank decreased its stake in Alphabet Inc., but still holds a significant investment worth $31,645,000, making it the 5th largest position in their portfolio.
Increased their stake by 20,990.0%, acquiring 6,186,748 shares worth $1,171,151,000.
Amundi increased its stake by 18.7%, adding 4,694,621 shares worth $5,792,317,000.
Raised their position by 7.7% in Alphabet, now holding 63,667,407 shares worth $10,559,240,000.
Purchased a new position in Alphabet worth $513,024,000.
Increased their stake by 2.0%, now owning 134,030,679 shares worth $22,154,651,000.
Multiple analysts downgraded Alphabet's rating and reduced their target prices, indicating a less optimistic outlook.
Downgraded Alphabet from 'buy' to 'hold' with a lower target price of $198.00.
Reduced their target price and maintained an 'overweight' rating.
Reissued a 'neutral' rating with a $200.00 target price.
Cut their target price and maintained an 'overweight' rating, but reduced expectations.
Alphabet insiders sold 93,048 shares over the last ninety days, indicating a lack of confidence in the stock's future performance.
This analysis highlights Alphabet's strategic positioning in tech and mixed market sentiment, with notable institutional shifts and insider activity.