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Alphabet Inc. $GOOG Stake Increased by Czech National Bank
The Czech National Bank increased its stake in Alphabet Inc. ($GOOG) by 3.4% in the fourth quarter, bringing its total to 1,226,139 shares valued at approximately $384.8 million. This position represents 2.5% of the bank’s investment portfolio and is its seventh-largest holding. Despite significant insider selling and recent legal challenges, Alphabet exceeded earnings and revenue estimates, and analysts maintain a consensus “Buy” rating with an average target price of $345.71.