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Caxton Associates LP, managed by Andrew Law, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 7,975 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A (GOOGL) recently reported strong Q4 2024 financial results, with a 14% increase in annual revenue to $350 billion, largely driven by advancements in AI and cloud services. Google Cloud revenue rose by 30% to $12 billion, and YouTube advertising grew by 14%, although network advertising revenue declined by 4%. The company’s operating income and net income increased by 31% and 28%, respectively. Despite potential revenue challenges in 2025 due to currency fluctuations and the leap year effect, Alphabet plans to invest $75 billion in capital expenditures for AI and infrastructure. The stock’s year-to-date performance shows a slight decline of around 2-3%, with a current market cap of approximately $2,278.6 billion. Hedge funds have shown mixed interest, with some increasing and others decreasing their positions.
More about Alphabet Inc. Class A
YTD Price Performance: -2.22%
Average Trading Volume: 28,719,287
Current Market Cap: $2278.6B