Blackstone Inc., managed by Stephen A. Schwarzman, recently reduced its stake in Alphabet Inc. Class A (GOOGL) by 58,457 shares. Despite this, Alphabet Class A shares have seen significant gains over the past year and month, with analysts maintaining a Strong Buy rating due to strong AI and cloud performance. TipRanks’ AI Analyst, Spark, rates GOOGL as “Outperform” based on its financial quality, although moderated by technical momentum, valuation, and capital-intensity risks.
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Blackstone Inc. trims Alphabet Class A stake by 58K
Blackstone Inc., managed by Stephen A. Schwarzman, recently reduced its stake in Alphabet Inc. Class A (GOOGL) by 58,457 shares. Despite this, Alphabet Class A shares have seen significant gains over the past year and month, with analysts maintaining a Strong Buy rating due to strong AI and cloud performance. TipRanks’ AI Analyst, Spark, rates GOOGL as “Outperform” based on its financial quality, although moderated by technical momentum, valuation, and capital-intensity risks.