Alphabet Inc. experiences mixed institutional investor activity in first quarter
In the first quarter, DGS Capital Management LLC cut its Alphabet Inc. (NASDAQ:GOOG) holding by 14.6%, selling 6,376 shares and ending the period with 37,445 shares valued at about $10.7 million. The fund’s stake represents roughly 1.8 % of its portfolio.
Conversely, Premier Path Wealth Partners LLC increased its Alphabet position by 7.6 %, buying 3,576 shares to hold 50,611 shares worth approximately $14.6 million, about 1.9 % of its holdings. Both investors rank Alphabet among their top ten holdings.
These moves occur as institutional investors collectively own roughly 27‑40 % of Alphabet’s outstanding shares, and analysts have maintained bullish ratings and raised price targets for the stock.