Wolfe Research Initiates Coverage of Alphabet (BRSE:ABEC) with Outperform Recommendation

Fintel reports that on July 16, 2024, Wolfe Research initiated coverage of Alphabet (BRSE:ABEC) with a Outperform recommendation.

What is the Fund Sentiment?

There are 5,333 funds or institutions reporting positions in Alphabet. This is an increase of 187 owner(s) or 3.63% in the last quarter. Average portfolio weight of all funds dedicated to ABEC is 1.42%, an increase of 1.77%. Total shares owned by institutions decreased in the last three months by 0.76% to 3,773,476K shares.

What are Other Shareholders Doing?

CH:ABEC / Alphabet Inc. Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 151,418K shares representing 1.23% ownership of the company. In its prior filing, the firm reported owning 152,712K shares , representing a decrease of 0.85%. The firm decreased its portfolio allocation in ABEC by 2.34% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 124,339K shares representing 1.01% ownership of the company. In its prior filing, the firm reported owning 121,671K shares , representing an increase of 2.15%. The firm decreased its portfolio allocation in ABEC by 2.65% over the last quarter.

Geode Capital Management holds 102,009K shares representing 0.83% ownership of the company. In its prior filing, the firm reported owning 99,883K shares , representing an increase of 2.08%. The firm decreased its portfolio allocation in ABEC by 2.45% over the last quarter.

Price T Rowe Associates holds 88,657K shares representing 0.72% ownership of the company. In its prior filing, the firm reported owning 98,251K shares , representing a decrease of 10.82%. The firm decreased its portfolio allocation in ABEC by 11.07% over the last quarter.

Capital International Investors holds 87,717K shares representing 0.71% ownership of the company. In its prior filing, the firm reported owning 80,247K shares , representing an increase of 8.52%. The firm increased its portfolio allocation in ABEC by 6.66% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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