Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Route One Investment Company, managed by William Duhamel, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 175,000 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) has seen significant financial growth in Q4 2024, with consolidated revenues rising by 12% year-over-year to $96.5 billion. This increase is driven by a 10% growth in Google Services revenue and a substantial 30% rise in Google Cloud revenue, largely due to advancements in AI infrastructure. Despite a year-to-date price performance decline of approximately 1.87%, Alphabet remains optimistic about future growth, focusing on AI advancements and strategic investments. The company reported a 31% surge in operating income and a 28% increase in net income, leading to a 31% rise in earnings per share to $2.15. The market cap stands robust at approximately $2,278.6 billion. Several hedge funds, including Baupost Group, Egerton Capital, and others, have increased their positions, reflecting confidence in the stock’s potential. CEO Sundar Pichai has announced substantial capital expenditures to enhance technological capabilities, emphasizing the company’s leadership in AI.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2278.6B
