Coatue Management Trims Alphabet Inc. Class C Stake

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Coatue Management, managed by Philippe Laffont, recently reduced its stake in Alphabet Inc. Class C (GOOG) by selling 91,038 shares. Despite this trim, Alphabet C stock has seen significant gains over the past year, and Wall Street analysts generally maintain a Strong Buy consensus, citing strong financial results and AI leadership. However, Spark, TipRanks’ AI Analyst, notes that while the stock is an Outperform due to strong financials, its premium valuation and significant CapEx plans for 2026 pose near-term risks to cash flow.

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