Guardcap Asset Management Reduces Stake in Alphabet Inc.

Guardcap Asset Management Ltd, managed by Steve Bates, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 1,650,301 shares.

Spark’s Take on GOOGL Stock

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

Alphabet’s stock is rated highly due to its strong financial performance, robust growth in various segments, and strategic corporate actions. Technical indicators and a fair valuation further support a positive outlook, despite some challenges in advertising revenue and increased expenses.

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

More about Alphabet Inc. Class A

YTD Price Performance: -12.54%

Average Trading Volume: 38,107,087

Current Market Cap: $1943.3B