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Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 80,406 shares.
Recent Updates on Alphabet Inc. Class C stock
Recent developments for Alphabet Inc. Class C (GOOG) highlight strong Q4 2024 financial results, with a 12% year-over-year increase in consolidated revenues to $96.5 billion, driven by a 10% rise in Google Services revenue and a significant 30% increase in Google Cloud revenue due to advancements in AI infrastructure. Despite a year-to-date price performance decline of approximately 1.87%, the company remains optimistic about future growth, focusing on AI advancements and strategic investments. The market cap is robust at approximately $2,278.6 billion, with several hedge funds, including Baupost Group and Egerton Capital, increasing their positions, reflecting confidence in the stock’s potential. CEO Sundar Pichai emphasized AI leadership and announced plans for substantial capital expenditures to enhance technological capabilities.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2267B
