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SCS Capital Management LLC, managed by Antony J. Abbiati, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 9,153 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged roughly 66%–73% over the past year, with recent trading mixed: modest weekly pullbacks but generally positive moves over the last month and a last close around $323–$333. Despite near‑term volatility, Wall Street maintains a StrongBuy view, with average 12‑month targets near $366–$384 and bullish calls up to $420 implying solid further upside.
Analysts highlight a much stronger‑than‑expected quarter, with Search revenue growth accelerating to 17% and Google Cloud jumping about 48%, supported by a massive cloud backlog near $240 billion and Gemini reaching 750 million MAUs. The main concern is Alphabet’s huge 2026 capex plan of $175–$185 billion, which may pressure free cash flow, but top analysts argue this AI‑ and cloud‑driven investment cycle, underpinned by strong balance sheet and custom chips (TPUs/Axion), should fuel long‑term earnings and valuation growth.
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: 24,173,335
Current Market Cap: $3923.7B