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Exchange Traded Concepts LLC Increases Position in Alphabet Inc. $GOOGL
Exchange Traded Concepts LLC significantly increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 32.0% in Q4, making Alphabet its 10th largest holding. Analysts largely maintain a “Moderate Buy” rating with a target price of $367.33, driven by strong Q4 earnings and growth in AI/cloud, despite concerns about high AI capital expenditures and recent insider selling. The company’s stock has a market capitalization of $3.58 trillion and reported revenue of $113.83 billion for the quarter.