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Yacktman Asset Management LP Reduces Stake in Alphabet Inc.

Yacktman Asset Management LP Reduces Stake in Alphabet Inc.

Meet Your ETF AI Analyst

Yacktman Asset Management LP, managed by Donald Yacktman, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 114,644 shares.

Spark’s Take on GOOG Stock

According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.

Alphabet’s strong financial performance and positive earnings call sentiment are the most significant factors driving the high overall stock score. The company’s robust growth in AI and cloud services, coupled with efficient operations and a solid balance sheet, position it well for future success. While the technical indicators show bullish momentum, the high valuation and low dividend yield slightly temper the score.

To see Spark’s full report on GOOG stock, click here.

More about Alphabet Inc. Class C

YTD Price Performance: 46.49%

Average Trading Volume: 21,561,016

Current Market Cap: $3351.9B

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