First Pacific Advisors LLC, managed by Richard Atwood, has reduced its stake in Alphabet Inc. Class C (GOOG) by selling 134,056 shares. Despite this reduction, Alphabet Class C stock has seen a significant surge of 66%-73% over the past year, with Wall Street analysts maintaining a “Strong Buy” view and aggressive price targets. TipRanks’ AI Analyst “Spark” rates GOOG as “Outperform,” citing strong financial performance and technical trends, though tempered by valuation and future CapEx concerns.
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First Pacific Advisors Cuts Alphabet Inc. Class C Stake
First Pacific Advisors LLC, managed by Richard Atwood, has reduced its stake in Alphabet Inc. Class C (GOOG) by selling 134,056 shares. Despite this reduction, Alphabet Class C stock has seen a significant surge of 66%-73% over the past year, with Wall Street analysts maintaining a “Strong Buy” view and aggressive price targets. TipRanks’ AI Analyst “Spark” rates GOOG as “Outperform,” citing strong financial performance and technical trends, though tempered by valuation and future CapEx concerns.