DNB Asset Management AS Lowers Stake in Alphabet Inc. $GOOGL

DNB Asset Management AS has reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the third quarter, selling 304,725 shares but still holding 0.05% of the company’s stock, making it their third-largest holding. Meanwhile, other institutional investors have either increased or initiated stakes in Alphabet, and the article also highlights key positive and negative news impacting Alphabet, including its acquisition of Wiz, partial sale of GFiber, and competitive pressures from Microsoft. Alphabet recently announced a quarterly dividend of $0.21, and analysts generally maintain a favorable outlook on the stock with a “Moderate Buy” consensus rating.

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