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Ferguson Wellman Capital Management Inc. Grows Stock Position in Alphabet Inc. $GOOG
Ferguson Wellman Capital Management Inc. increased its stake in Alphabet (NASDAQ:GOOG) by 8.8% in Q4, acquiring an additional 6,677 shares to own a total of 82,523 shares valued at approximately $25.9 million. This move comes amidst strong financial performance from Alphabet, including beating Q4 earnings expectations and robust revenue growth, and significant investments in AI infrastructure. However, the company is also facing rising insider selling activity and increasing legal and regulatory risks.