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Private Management Group Inc. Sells 11,556 Shares of Alphabet Inc. $GOOGL
Private Management Group Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 15.4% during the third quarter, selling 11,556 shares and holding 63,517 shares valued at $15.44 million. Other institutional investors showed mixed activity, with some increasing their positions significantly. Analysts have a “Moderate Buy” rating for Alphabet with an average target price of $367.18, while company insiders have recently sold a substantial number of shares.