Broadcom Inc. $AVGO Shares Acquired by Rakuten Securities Inc.

Market Beat
2026.01.21 11:03
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Rakuten Securities Inc. increased its holdings in Broadcom Inc. (NASDAQ:AVGO) by 90.6% in Q3, owning 21,106 shares valued at approximately $6.96 million. This makes Broadcom the 7th largest holding for Rakuten. Other institutional investors, including Vanguard and State Street, also increased their stakes. Insider selling was noted, with CFO Kirsten M. Spears selling 30,000 shares. Analysts maintain a positive outlook on Broadcom, with an average price target of $438.61 and a majority rating of 'Buy'.