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Blue Grotto Capital, Llc, managed by Ben Gordon, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 87,913 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged roughly 66%–73% over the past year, with modest recent pullbacks and the stock trading near $323–$333 versus average 12‑month targets around $366–$384 and highs up to $420, reinforcing a StrongBuy consensus and expectations of further upside. Analysts highlight accelerating Search growth at 17%, Google Cloud revenue up 48%, a swelling $240B+ backlog, and Gemini’s 750M MAUs as key AI and cloud drivers, while warning that massive 2026 capex of $175–$185B will pressure free cash flow even as Alphabet’s strong balance sheet and AI leadership underpin bullish multi‑year valuation cases.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
High score is driven primarily by strong financial performance (scaled profitability and earnings power) and supportive technical trend. This is tempered by premium valuation and earnings-call risks tied to a very large 2026 CapEx ramp and faster depreciation that may pressure near-term cash flow despite strong AI and Cloud momentum.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: -3.50%
Average Trading Volume: 24,241,549
Current Market Cap: $3657.9B