Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Longview Partners (Guernsey) Ltd, managed by Marina Lund, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 149,036 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) reported strong financial results for Q4 2024, with a 14% increase in annual revenue to $350 billion, driven by advancements in AI and cloud services. Google Cloud’s revenue rose by 30% to $12 billion, while YouTube advertising revenue increased by 14%. Despite a 4% decline in network advertising revenue, the company’s operating income rose by 31% and net income grew by 28%. Alphabet plans to invest $75 billion in capital expenditures in 2025, focusing on AI and infrastructure, amidst potential revenue headwinds due to currency fluctuations and the leap year effect. The stock’s year-to-date performance shows a slight decline of 2.17% to 3.07%, with a market cap of approximately $2,282.6 billion. Hedge funds have shown varied interest, with some increasing their positions while others reduced them.
More about Alphabet Inc. Class A
YTD Price Performance: -1.74%
Average Trading Volume: 28,920,224
Current Market Cap: $2278.6B
