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First Pacific Advisors LLC, managed by Richard Atwood, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 134,056 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 after a strong post‑earnings run, and currently trades near $323–$333 versus bullish 12‑month targets around $366–$384. Wall Street maintains a StrongBuy view, led by aggressive targets up to $420 as analysts highlight accelerating 17% Search and 48% Cloud growth, a swelling $240B+ backlog, and powerful AI‑driven upside despite a sharp jump in planned 2026 capex that is set to pressure free cash flow.
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