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Dodge & Cox, managed by John A. Gunn, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 1,116,939 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged roughly 66–73% over the past year, with recent trading mixed as the stock has seen modest weekly pullbacks but generally positive monthly gains around the low‑$330s. Despite near‑term volatility, Wall Street maintains a StrongBuy consensus, with average 12‑month targets clustered near $366–$384 and some bullish calls as high as $420–$400, implying meaningful upside.
Analysts highlight a much stronger‑than‑expected quarter, with Search revenue growth accelerating to 17% and Google Cloud jumping about 48%, driving a cloud backlog near $240B. The main debate is Alphabet’s planned capex spike to about $175–$185B in 2026, which will pressure free cash flow, but top analysts argue this AI‑ and cloud‑focused investment cycle, backed by Gemini’s 750M+ users and custom chips like TPUs, positions Alphabet for durable growth and expanding margins over the coming years.
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: -1.41%
Average Trading Volume: 24,574,909
Current Market Cap: $3740B