Morningstar Investment Management LLC, managed by Kunal Kapoor, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund increased its position by 40,038 shares.
Recent Updates on Alphabet Inc. Class A stock
Alphabet Inc. Class A has reported strong financial results for Q4 2024, marked by impressive growth across its core business segments. The company achieved a remarkable annual revenue of $350 billion, a 14% increase, driven by advancements in AI and cloud services. Google Cloud saw a significant 30% revenue rise, reaching $12 billion in the fourth quarter, while YouTube advertising revenues grew 14% to $10.5 billion. Despite challenges with network advertising, which saw a 4% decline, and cloud capacity constraints, Alphabet demonstrated robust financial health with a free cash flow of $24.8 billion for the quarter. Looking forward, the company anticipates some revenue headwinds in 2025 due to currency fluctuations and the leap year effect. Alphabet plans to invest about $75 billion in capital expenditures in 2025, focusing on AI and infrastructure to sustain growth momentum.
More about Alphabet Inc. Class A
YTD Price Performance: -2.17%
Average Trading Volume: 29,098,830
Current Market Cap: $2282.6B