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Progressive Investment Management Corp, managed by Carsten Henningsen, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 1,860 shares.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
Alphabet Class C stock is rated at a score of 77, driven by strong financial performance with impressive margins and growth, supported by positive earnings call insights, especially in AI and cloud sectors. Despite these strengths, technical indicators suggest a bearish trend, and the valuation analysis reflects moderate levels. Overall, the company’s robust financial health and strategic focus on high-growth areas underpin the stock’s score.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: -15.42%
Average Trading Volume: 24,343,411
Current Market Cap: $1929B