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Causeway Capital Management LLC, managed by Sarah Ketterer, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 34,841 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) recently reported strong Q4 2024 financial results, with a 12% year-over-year increase in consolidated revenues to $96.5 billion, driven by a 10% rise in Google Services revenue and a 30% surge in Google Cloud revenue, largely due to advancements in AI infrastructure. Despite a slight year-to-date price performance decline of approximately 1.87%, the company remains optimistic about future growth, emphasizing AI advancements and strategic investments. The market cap stands robust at approximately $2,278.6 billion, with an average trading volume of about 19.25 million. Several hedge funds, such as Baupost Group and Egerton Capital, have increased their positions in the stock, reflecting confidence in its potential, while CEO Sundar Pichai announced plans for substantial capital expenditures to enhance technological capabilities.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2267B
