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Blackstone Inc., managed by Stephen A. Schwarzman, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 166,806 shares.
Spark’s Take on GOOGL Stock
According to Spark, TipRanks’ AI Analyst, GOOGL is a Outperform.
Alphabet’s strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The company’s strategic investments in AI and cloud services are enhancing growth prospects. However, the high valuation and increased costs pose some risks.
To see Spark’s full report on GOOGL stock, click here.
More about Alphabet Inc. Class A
YTD Price Performance: 46.50%
Average Trading Volume: 33,468,737
Current Market Cap: $3338.5B
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