Wed Sep 25 08:42:51 UTC 2024: ## Alphabet Inc. (GOOGL) Sees Mixed Investor Sentiment in Q2 2024

**Long Beach, CA – September 25th, 2024** – FARMERS & MERCHANTS TRUST Co OF LONG BEACH, a major investor, trimmed its stake in Alphabet Inc. (GOOGL) by 6.8% during the second quarter, according to recent SEC filings. Despite this, other notable investors like MorganRosel Wealth Management and Sunflower Bank N.A. increased their holdings in the tech giant.

**Investor Activity Highlights:**

* FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its stake in Alphabet by 4,519 shares, leaving them with 62,357 shares valued at $11,358,000.
* MorganRosel Wealth Management LLC boosted its holdings by 3.6%, adding 57 shares.
* Hengehold Capital Management LLC saw a 0.8% increase in its Alphabet position, purchasing an additional 60 shares.
* Christopher J. Hasenberg Inc saw a significant 75.0% increase in its stake, acquiring 60 shares.
* Joseph P. Lucia & Associates LLC added 64 shares, resulting in a 1.0% rise in their holdings.
* Sunflower Bank N.A. purchased 65 shares, marking a 1.0% growth in their Alphabet ownership.

**Analyst Sentiment Remains Positive:**

Alphabet continues to receive a “Moderate Buy” rating from analysts, with a consensus price target of $201.08. Recent analyst reports include:

* Argus upgraded their price objective to $215.00 and maintained a “buy” rating.
* Mizuho raised their price target to $210.00 and issued an “outperform” rating.
* Royal Bank of Canada increased their target price to $204.00 and maintained an “outperform” rating.

**Insider Transactions:**

* Director John L. Hennessy sold 1,500 shares of Alphabet stock on July 12th at an average price of $185.85.
* He further sold 700 shares on September 23rd at an average price of $165.00.

**Other Notable Information:**

* Alphabet’s stock opened at $162.29 on Wednesday.
* The company declared a quarterly dividend of $0.20 per share, paid on September 16th.
* Institutional investors hold 40.03% of Alphabet’s stock.

Overall, Alphabet continues to garner interest from investors, despite mixed signals. The company’s performance and future growth prospects remain under scrutiny as investors navigate market conditions.

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