Eagle Capital Management, led by Boykin Curry, significantly reduced its stake in Alphabet Inc. Class C (GOOG) by 1,366,135 shares. Despite this, Alphabet Class C has seen substantial growth over the past year, with analysts maintaining a StrongBuy rating due to strong financial performance, AI and cloud-driven investments, and a robust outlook, although near-term cash flow may be pressured by increased CapEx. TipRanks’ AI Analyst, Spark, rates GOOG as “Outperform” due to its financial strength and technical trend, tempered by valuation and CapEx risks.
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Eagle Capital Management Cuts Alphabet Class C Stake Sharply
Eagle Capital Management, led by Boykin Curry, significantly reduced its stake in Alphabet Inc. Class C (GOOG) by 1,366,135 shares. Despite this, Alphabet Class C has seen substantial growth over the past year, with analysts maintaining a StrongBuy rating due to strong financial performance, AI and cloud-driven investments, and a robust outlook, although near-term cash flow may be pressured by increased CapEx. TipRanks’ AI Analyst, Spark, rates GOOG as “Outperform” due to its financial strength and technical trend, tempered by valuation and CapEx risks.