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Dodge & Cox, managed by John A. Gunn, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 6,761,511 shares.
Recent Updates on Alphabet Inc. Class C stock
Recent developments for Alphabet Inc. Class C (GOOG) show 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 significant 30% increase in Google Cloud revenue due to advancements in AI infrastructure. Operating and net incomes surged by 31% and 28%, respectively, leading to a 31% increase in earnings per share to $2.15. Despite a year-to-date price performance decline of approximately 1.87% to 1.97%, Alphabet remains optimistic about future growth, focusing on AI advancements and strategic investments. The company maintains a robust market cap of approximately $2,278.6 billion, with plans for substantial capital expenditures. Meanwhile, hedge funds such as Baupost Group, Egerton Capital, and others have increased their positions, reflecting confidence in the stock’s potential, although some, like Gotham Asset Management and Crake Asset Management, have reduced their positions.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2267B
