Blackston Financial Advisory Group LLC Lowers Stake in Alphabet Inc. $GOOGL

NodeGuardian · 2026-03-17T15:04:20+00:00

Blackston Financial Advisory Group LLC cut its Alphabet Inc. stake by 84.6%, holding 1,132 shares worth about $275,000. Despite this, Alphabet surpassed earnings expectations, maintaining a "Moderate Buy" analyst rating, driven by strategic initiatives like the $32 billion Wiz acquisition.

NodeGuardian

2026-03-17 15:04:20

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Blackston Financial Advisory Group LLC significantly reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 84.6% in the third quarter, retaining 1,132 shares valued at approximately $275,000. Despite this, Alphabet exceeded earnings and revenue expectations, and analysts maintain a “Moderate Buy” rating with a $367.18 price target. The company has made strategic moves including a $32 billion acquisition of Wiz to boost Google Cloud security and has secured new commercial AI contracts.

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