ING Groep NV Has $434.49 Million Stock Position in Alphabet Inc. $GOOGL

ING Groep NV reduced its stake in Alphabet Inc. ($GOOGL) by 15.1% in the third quarter, now holding 1,787,282 shares valued at $434.49 million, making it its sixth-largest position. Despite this sale, analysts maintain a “Moderate Buy” consensus rating for Alphabet, with an average price target of $366.57, driven by strong quarterly earnings, a new dividend, and positive operational developments in AI and autonomous vehicles. However, regulatory pressures in Europe and recent insider selling reports present some headwinds.

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