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Groupama Boosts Stake in Alphabet Amid AI Momentum

Guavy AI Editorial Team
Instruments
GOOGL
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Groupama Asset Management increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the first quarter, according to a recent disclosure with the Securities and Exchange Commission.

The firm now owns approximately 4.2% of Groupama's holdings, making Alphabet its 4th largest holding. The value of Alphabet shares held by Groupama is $287,360,000.

Other institutional investors have also recently made changes to their positions in Alphabet.

Analysts are optimistic about Alphabet's future performance, citing strong cash generation and balance sheet as key drivers.

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