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SCS Capital Management LLC, managed by Antony J. Abbiati, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 44,128 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) has reported robust Q4 2024 financial results with a 14% increase in annual revenue to $350 billion, largely driven by advancements in AI and a 30% rise in Google Cloud revenue. Despite a 4% decline in network advertising revenue, the company’s operating income and net income increased by 31% and 28% respectively. The firm plans a $75 billion investment in AI and infrastructure for 2025, while acknowledging potential revenue challenges due to currency fluctuations and a leap year effect. The stock has seen a slight decline in year-to-date performance, down approximately 2-3%, with a market cap around $2,282.6 billion. Hedge funds show mixed interest, with some increasing their holdings and others reducing them.
More about Alphabet Inc. Class A
YTD Price Performance: -2.22%
Average Trading Volume: 28,719,287
Current Market Cap: $2278.6B
