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Cordant Inc. Invests $5.76 Million in Alphabet Inc. $GOOG
Cordant Inc. recently acquired a new stake of 18,346 shares in Alphabet Inc. worth approximately $5.76 million during the fourth quarter, making it their 13th largest holding. Despite significant insider selling by CEO Sundar Pichai and Director John Hennessy, analysts maintain a “Buy” rating with a consensus target price of $345.71, citing strong fundamentals, a growing Google Cloud backlog, and AI initiatives. The article also notes Alphabet’s recent earnings beat and dividend announcement, alongside market observations of positive sentiment around AI infrastructure and continued growth potential.