Wed Sep 25 07:53:04 UTC 2024: ## Coldstream Capital Management Increases Stake in Alphabet

**New York, NY (MarketBeat News) -** Coldstream Capital Management Inc. has increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the second quarter, according to a recent SEC filing. The institutional investor now owns 114,766 shares of the information services provider, representing a 0.5% stake in their portfolio. This makes Alphabet the 27th largest holding for Coldstream Capital Management.

Other institutional investors have also adjusted their positions in Alphabet during the recent period. TrinityPoint Wealth LLC, Seven Mile Advisory, Abbot Financial Management Inc., EverSource Wealth Advisors LLC, and Giverny Capital Inc. all increased their stakes in the company, reflecting a continued positive sentiment among institutional investors.

Analyst reports on Alphabet remain overwhelmingly positive. Eight analysts have issued “hold” ratings, while 28 have issued “buy” ratings and two have given a “strong buy” rating. The consensus rating is “Moderate Buy” with a target price of $201.08, according to MarketBeat.

In recent insider activity, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock on September 10th, while Director John L. Hennessy sold 700 shares on September 23rd. Overall, insiders have sold 180,867 shares in the past 90 days.

Alphabet recently reported strong second-quarter earnings, exceeding analysts’ expectations with $1.89 EPS and revenue of $84.74 billion. The company also declared a quarterly dividend of $0.20, representing a yield of 0.49%.

Despite the recent insider sales, the overall positive sentiment surrounding Alphabet’s performance and future prospects suggests that institutional investors are confident in the company’s continued growth.

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