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Soros Fund Mangment LLC, managed by George Soros, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 813,491 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) 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, the company saw a 31% rise in operating income and 28% growth in net income. Alphabet plans to invest $75 billion in capital expenditures for AI and infrastructure, anticipating potential revenue challenges in 2025 due to currency fluctuations and the leap year effect. The stock’s year-to-date performance shows a slight decline of around 2-3%, with a market cap of approximately $2,282.6 billion. Hedge fund interest in Alphabet has been mixed, with some funds increasing their positions and others reducing them.
More about Alphabet Inc. Class A
YTD Price Performance: -2.22%
Average Trading Volume: 28,719,287
Current Market Cap: $2278.6B
