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
Pacifica Capital Investments, Llc, managed by Steve Leonard, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 39,055 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C reported strong financial results for Q4 2024, with a 12% increase in consolidated revenues to $96.5 billion, driven by growth in Google Services and Google Cloud. Google Services revenue rose by 10% to $84.1 billion, while Google Cloud’s revenue increased by 30% to $12 billion, reflecting advancements in AI infrastructure. Operating income surged by 31%, and the operating margin expanded to 32%. Net income rose by 28%, with earnings per share increasing by 31% to $2.15. CEO Sundar Pichai attributed the success to leadership in AI and announced plans for significant capital expenditures to enhance technological capabilities. Alphabet remains optimistic about leveraging AI for future growth.
More about Alphabet Inc. Class C
YTD Price Performance: -1.87%
Average Trading Volume: 19,425,532
Current Market Cap: $2282.6B
