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Triple Frond Partners Llc, managed by Charles F. Pollnow IV, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 29,536 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) reported strong financial results for Q4 2024, with consolidated revenues reaching $96.5 billion, a 12% year-over-year increase. The growth was driven by a 10% rise in Google Services revenue, primarily from Google Search and YouTube ads, and a 30% increase in Google Cloud revenue, fueled by advancements in AI infrastructure. Operating income surged by 31%, and net income rose by 28%, with earnings per share up 31% to $2.15. CEO Sundar Pichai attributed the success to the company’s leadership in AI and outlined plans for significant capital expenditures to enhance technological capabilities. Alphabet is optimistic about future growth, focusing on AI advancements and strategic investments.
More about Alphabet Inc. Class C
YTD Price Performance: -1.87%
Average Trading Volume: 19,425,532
Current Market Cap: $2282.6B
