Alphabet's Share Price Boosted by Big Investors' Confidence

Sax Wealth Advisors LLC has increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 13.7% during the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.

The firm owned 36,831 shares of the information services provider's stock after buying an additional 4,436 shares during the period.

Sax Wealth Advisors LLC's holdings in Alphabet were worth $13,162,000 at the end of the most recent quarter.

Other hedge funds and institutional investors have also made significant changes to their positions in GOOGL. Norges Bank acquired a new stake in shares of Alphabet valued at $30,534,239,000 in the fourth quarter.

Cardano Risk Management B.V. grew its stake in Alphabet by 855.3% during the fourth quarter and now owns 14,525,280 shares worth $4,546,413,000 after purchasing an additional 13,004,828 shares.