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Baxter Bros Inc. Lowers Stock Position in Alphabet Inc. $GOOGL
Baxter Bros Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.7% in Q4, selling 10,340 shares but still holding 96,495 shares valued at $30.2 million, making it their 7th largest holding. The move comes as Alphabet reported strong Q1 earnings, beating estimates with $5.11 EPS and $109.9 billion in revenue, driven by a 63% surge in Google Cloud. Analysts have responded positively, with multiple firms upgrading price targets, alongside Alphabet increasing its quarterly dividend to $0.22 per share.