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Mairs & Power Inc Cuts Alphabet Stake by 64,619 Shares
Mairs & Power Inc, managed by Bill Frels, has significantly reduced its stake in Alphabet Inc. Class C (GOOG) by selling 64,619 shares. This transaction comes as Alphabet’s stock has seen substantial growth over the past year, with analysts maintaining a StrongBuy consensus. TipRanks’ AI Analyst, Spark, rates GOOG as Outperform, citing strong financial performance and technical trends despite concerns over future capital expenditure.