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First Eagle Investment Management Boosts Stake in Alphabet

First Eagle Investment Management Boosts Stake in Alphabet

Meet Your ETF AI Analyst

First Eagle Investment Management LLC, managed by Jean Marie Eveillard, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 15,308 shares.

Spark’s Take on GOOG Stock

According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.

Alphabet’s strong financial performance and positive earnings call sentiment are the most significant factors driving the high overall stock score. The company’s robust growth in AI and cloud services, coupled with efficient operations and a solid balance sheet, position it well for future success. While the technical indicators show bullish momentum, the high valuation and low dividend yield slightly temper the score.

To see Spark’s full report on GOOG stock, click here.

More about Alphabet Inc. Class C

YTD Price Performance: 51.42%

Average Trading Volume: 21,643,242

Current Market Cap: $3463.6B

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