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Stonebridge Cuts Stake in Alphabet by 4.4% Following Second Quarter Sale

Guavy AI Editorial Team
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GOOGL
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Stonebridge Financial Group LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by selling 1,998 shares during the second quarter, according to its latest Form 13F filing with the SEC.

The institutional investor now owns 43,632 shares of Alphabet's stock after the sale, which makes up about 1.2% of Stonebridge Financial Group LLC's investment portfolio and is its 22nd largest holding.

The company has a market cap of $4.20 trillion, with a price-to-earnings ratio of 17.27 and a beta of 1.24.

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