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XN LP, managed by Gaurav Kapadia, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 320,380 shares.
Recent Updates on Alphabet Inc. Class C stock
Recent developments for Alphabet Inc. Class C (GOOG) include strong Q4 2024 financial results, with a 12% year-over-year increase in consolidated revenues to $96.5 billion, driven by a 10% rise in Google Services revenue and a 30% increase in Google Cloud revenue, attributed to advancements in AI infrastructure. Operating and net incomes surged by 31% and 28%, respectively, leading to a 31% increase in earnings per share to $2.15. Despite a slight year-to-date price performance decline of up to 2.73%, the company remains optimistic, focusing on AI advancements and strategic investments. The current market cap is approximately $2278.6 billion. Several hedge funds, such as Baupost Group and Egerton Capital, have increased their positions in the stock, reflecting confidence in its future growth potential.
More about Alphabet Inc. Class C
YTD Price Performance: -1.97%
Average Trading Volume: 19,250,056
Current Market Cap: $2278.6B