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Tweedy Browne CO LLC, managed by Tweedy Browne, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 39,910 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) recently reported strong Q4 2024 financial results with a 12% year-over-year increase in consolidated revenues to $96.5 billion. This growth was primarily driven by a 10% rise in Google Services revenue, including Google Search and YouTube ads, and a significant 30% increase in Google Cloud revenue, largely due to advancements in AI infrastructure. The company’s operating income surged by 31%, and net income rose by 28%, resulting in a 31% increase in earnings per share to $2.15. CEO Sundar Pichai emphasized the company’s leadership in AI and announced plans for substantial capital expenditures to enhance technological capabilities. Despite a year-to-date price performance decline of 1.87%, Alphabet remains optimistic about future growth, focusing on AI advancements and strategic investments. Significant recent transactions by several hedge funds, including Triple Frond Partners, Egerton Capital, Cryder Capital, Intermede Investment Partners, and Pacifica Capital Investments, reflect increased confidence in the stock.
More about Alphabet Inc. Class C
YTD Price Performance: -2.73%
Average Trading Volume: 19,486,575
Current Market Cap: $2248.2B
