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PFG Advisors Has $8.82 Million Position in Alphabet Inc. $GOOGL
PFG Advisors significantly reduced its stake in Alphabet Inc. (GOOGL) by 27% in Q4, selling 10,445 shares, yet still holds 28,193 shares valued at $8.82 million. Alphabet reported strong Q1 earnings, beating revenue and EPS expectations, driven by AI and cloud developments, including a substantial commitment from Anthropic to Google Cloud. The company also announced an increased quarterly dividend and maintains a “Moderate Buy” consensus rating from analysts with an average price target of $406.71.