Lexington Hill Partners Boosts Stake in Alphabet
Lexington Hill Partners LLC has significantly increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by purchasing an additional 1,755 shares during the second quarter.
The firm now owns 2,772 shares of Alphabet's stock, valued at $991,000, as per its most recent Form 13F filing with the SEC.
This move is part of a larger trend where institutional investors and hedge funds have been making changes to their positions in Alphabet. Other notable investors include Lifetime Wealth Management P.C., EMC Capital Management, IFC & Insurance Marketing Inc., and Bard Associates Inc., who all bought new stakes in Alphabet during the fourth quarter.
The company's market capitalization stands at $4.23 trillion, with a 52-week high of $408.61 and a 52-week low of $196.60.