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Provident Trust Co, managed by J Scott Harkness, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 201,242 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet’s Class C shares have continued their steady climb, advancing between 0.2% and 5.78% over the past week, roughly 4.8%–8.76% across the last month, and between 66% and 77% year over year, with recent closes around $331–$336. Wall Street keeps a Strong Buy stance, targeting $336–$366 on average, and highlighting potential upside toward $355–$400 from analysts John Blackledge and Josh Beck. Their recent notes cite resilient Google Search ROI, growing YouTube ad share, and accelerating AI‑driven demand (Gemini, Vertex, GCP) as key drivers, reinforcing expectations for further gains despite the stock’s big run.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
Alphabet’s strong financial performance and positive earnings call are the primary drivers of its high stock score. The company’s robust profitability, efficient operations, and strategic investments in AI and cloud services position it well for future growth. While technical indicators suggest potential short-term volatility, the long-term outlook remains positive. The high valuation reflects market confidence in Alphabet’s growth prospects.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: 9.91%
Average Trading Volume: 22,846,658
Current Market Cap: $4081.5B