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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 364,306 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has pulled back modestly in recent weeks after a strong run, but remains up more than 66%–73% over the past year, with recent closes around $323–$333 and analysts’ average 12‑month targets clustered near $383–$384. Wall Street maintains a StrongBuy consensus, seeing meaningful upside despite near‑term volatility.
Recent earnings showed Search revenue growth accelerating to 17% and Google Cloud surging about 48%, with backlog climbing sharply toward ~$240 billion and Gemini reaching 750 million MAUs, reinforcing the AI‑driven growth story. Analysts highlight heavy 2026 capex plans of $175–$185 billion that will pressure free cash flow, yet top voices at J.P. Morgan, Pivotal, Oppenheimer, and Raymond James keep GOOG as a top internet/AI pick with aggressive targets up to $420.
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: 3.38%
Average Trading Volume: 24,294,937
Current Market Cap: $3854.1B