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Sands Capital Management LLC, managed by Frank Sands, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 134,010 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A reported strong Q4 2024 financial results, with a 14% increase in annual revenue to $350 billion, driven by advancements in AI and cloud services. Google Cloud saw a 30% revenue rise, while YouTube advertising grew by 14%, despite a 4% decline in network advertising revenue. The company’s operating income increased by 31%, and net income grew by 28%. Alphabet plans to invest $75 billion in capital expenditures to focus on AI and infrastructure, anticipating potential revenue headwinds in 2025 due to currency fluctuations and the leap year effect. Hedge funds have shown varying interest, with some increasing and others reducing their positions. The stock’s year-to-date price performance is down by approximately 2.17%, with a market cap of $2,282.6 billion.
More about Alphabet Inc. Class A
YTD Price Performance: -1.74%
Average Trading Volume: 28,920,224
Current Market Cap: $2278.6B
