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GMT Capital Corp, managed by Thomas E. Claugus, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 66,400 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has continued a strong multi‑month rally, up roughly 66%–73% over the past year, while recent performance has been choppy, with moves of about −6% to +6% over the past week and month around the low‑$330s. Despite volatility, Wall Street keeps a StrongBuy stance, with average 12‑month targets near $366–$384 and bull cases up to $420, implying solid upside.
Analysts attribute optimism to accelerating fundamentals: Search revenue growth has reached about 17% year over year and Google Cloud around 48%, with cloud backlog swelling toward $240B+. Multiple firms highlight Gemini’s 750M+ users, Alphabet’s custom AI chips, and a massive $175–$185B 2026 capex plan that will pressure near‑term free cash flow but is seen as a strategic AI and cloud investment supporting long‑term earnings growth.
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