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Cryder Capital, managed by Ferdinand Groos, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 350,086 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C reported strong financial results for Q4 2024, with a 12% rise in consolidated revenues to $96.5 billion, driven by increased demand in Google Services and Google Cloud. Google Services revenue increased by 10% to $84.1 billion, while Google Cloud revenue grew by 30% to $12 billion, fueled by advancements in AI infrastructure. The company’s operating income surged by 31%, and its operating margin expanded to 32%. Net income rose by 28%, with earnings per share up by 31% to $2.15. CEO Sundar Pichai attributed these successes to the company’s leadership in AI and highlighted plans for continued investment in technological capabilities, projecting $75 billion in capital expenditures for 2025. Alphabet is optimistic about future growth prospects, focusing on leveraging AI to enhance core businesses and explore new opportunities.
More about Alphabet Inc. Class C
YTD Price Performance: -1.87%
Average Trading Volume: 19,425,532
Current Market Cap: $2282.6B
