Institutional Investors Boost Alphabet Stakes Amid Strong Earnings

Numerous institutional investors have been increasing their stakes in Alphabet Inc. (NASDAQ:GOOGL) during the second and fourth quarters of this year.

Neumann Advisory Hong Kong Ltd, for instance, has grown its stake by 6.2% to 170,739 shares worth $61,017,000 as of its most recent filing with the Securities & Exchange Commission. Alphabet makes up about 17.1% of Neumann Advisory Hong Kong Ltd's holdings, making the stock its 2nd largest position.

Other institutional investors like Vanguard Group Inc., State Street Corp, and Geode Capital Management LLC have also raised their stakes in Alphabet by 2.4%, 1.8%, and 1.9% respectively during the same period. Norges Bank bought a new stake in Alphabet worth about $30,534,239,000.

On the other hand, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet's firm stock in a transaction dated Tuesday, July 28th at an average price of $18.90, for a total value of $2,232,808.20.