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.
Saybrook Capital /Nc, managed by Luke M. Babcock& Scott R. Hirsch, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 2,014 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) recently reported strong Q4 2024 financial results, with a 14% increase in annual revenue to $350 billion driven by advancements in AI and a 30% rise in Google Cloud revenue. Despite a 4% decline in network advertising revenue, operating income rose by 31% and net income grew by 28%. The company plans a $75 billion investment in AI and infrastructure for 2025, anticipating potential revenue challenges from currency fluctuations and the leap year effect. The stock’s year-to-date performance shows a slight decline of about 2-3%, with a current market cap of approximately $2,278.6 billion. Hedge fund interest has been mixed, with some increasing and others reducing their positions.
More about Alphabet Inc. Class A
YTD Price Performance: -2.22%
Average Trading Volume: 28,719,287
Current Market Cap: $2267B
