Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Diamond Hill Capital Management Inc, managed by Ric Dillon, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 24,808 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A reported strong financial results for Q4 2024, with a 12% year-over-year increase in consolidated revenues, totaling $96.5 billion. The company experienced significant growth in its core segments, driven by advancements in AI and cloud services, with Google Cloud’s revenue rising by 30% and Google Services, including YouTube, growing by 10%. Despite facing challenges in network advertising and cloud capacity, Alphabet’s operating income rose by 31%, resulting in a 32% operating margin, and net income grew by 28%. The company anticipates potential revenue headwinds in 2025 due to currency fluctuations and the leap year effect but remains committed to investing $75 billion in capital expenditures focused on AI and infrastructure to sustain growth.
More about Alphabet Inc. Class A
YTD Price Performance: -2.17%
Average Trading Volume: 29,098,830
Current Market Cap: $2282.6B
