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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InABN AMRO Bank N.V. significantly increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the third quarter, reflecting continued institutional interest in the tech giant. The bank's total holdings in Alphabet reached 396,420 shares, valued at $96.23 million. This comes as Alphabet reported robust fourth-quarter results, surpassing analyst estimates for both earnings per share and revenue. Furthermore, Alphabet announced a quarterly dividend of $0.21 per share, signaling confidence in its financial health. The increased institutional investment by ABN AMRO underscores a persistent interest in Alphabet, even as the company navigates some market sentiment regarding recent debt activities.