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Baupost Group LLC, managed by Seth Klarman, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 652,000 shares.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
Alphabet’s strong financial performance, solid earnings call, and stable technical outlook contribute to a high overall stock score. Key strengths include impressive margins, robust growth in AI and cloud services, and effective cost management. Valuation is fair but not a standout, and the dividend yield is low, reflecting a focus on growth over income.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: -12.31%
Average Trading Volume: 24,465,145
Current Market Cap: $1943.3B