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Guardcap Asset Management Ltd, managed by Steve Bates, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 1,632,697 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) reported strong Q4 2024 financial results, achieving a 14% increase in annual revenue to $350 billion, primarily driven by advancements in AI and a 30% rise in Google Cloud revenue. Despite a 4% decline in network advertising revenue, operating income rose by 31% and net income increased by 28%. The company plans a significant investment of $75 billion in AI and infrastructure for 2025, though it anticipates potential revenue challenges due to currency fluctuations and the leap year effect. Hedge fund interest in Alphabet is mixed, with some funds increasing and others decreasing their positions. Year-to-date, the stock has seen a slight decline of around 2-3%, with a current market cap of approximately $2,278.6 billion.
More about Alphabet Inc. Class A
YTD Price Performance: -2.22%
Average Trading Volume: 28,719,287
Current Market Cap: $2267B
