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Triple Frond Partners Llc, managed by Charles F. Pollnow IV, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 197,415 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has stayed strong, up roughly 66%–73% over 12 months, with recent action mixed: modest weekly pullbacks of up to about 6% but generally small monthly gains and a last close in the low‑$330s. Despite volatility, Wall Street maintains a StrongBuy consensus, with average 12‑month targets around $366–$384 implying solid upside from current levels.
Multiple top analysts recently reiterated bullish views, citing Q4 strength with Search revenue growth accelerating to 17% and Google Cloud surging 48% alongside a backlog near $240B. Price targets now cluster from about $360 to a Street‑high $420, as they highlight Gemini’s 750M MAUs, AI‑driven ad and cloud opportunities, and custom TPU/AI infrastructure, while warning that 2026 capex of $175–$185B will pressure free cash flow even as it underpins long‑term 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: -1.41%
Average Trading Volume: 24,574,909
Current Market Cap: $3740B