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First Eagle Investment Management LLC, managed by Jean Marie Eveillard, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 7,496 shares.
Recent Updates on Alphabet Inc. Class C stock
Recent reports on Alphabet Inc. Class C (GOOG) highlight substantial financial growth in Q4 2024, with a 12% year-over-year increase in consolidated revenues to $96.5 billion, driven primarily by a 10% rise in Google Services revenue and a 30% surge in Google Cloud revenue attributed to advancements in AI infrastructure. Despite a year-to-date price performance decline of approximately 1.87%, the company remains optimistic about future growth, focusing on AI advancements and strategic investments. The stock has attracted increased positions from hedge funds such as Baupost Group and Egerton Capital, reflecting confidence in its potential. CEO Sundar Pichai emphasized the company’s leadership in AI and announced plans for substantial capital expenditures to enhance technological capabilities. The current market cap is approximately $2,278.6 billion.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2267B
