Moore Capital Management LP Reduces Stake in Alphabet Inc.
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Moore Capital Management LP has reduced its stake in Alphabet Inc. (GOOG) by 27,698 shares. Despite a slight year-to-date decline of 1.87% in stock performance, Alphabet reported strong Q4 2024 results with a 12% increase in revenues to $96.5 billion, driven by growth in Google Services and Cloud. Operating income rose by 31%, and net income increased by 28%. CEO Sundar Pichai highlighted a focus on AI and plans for significant capital expenditures. Alphabet's market cap stands at approximately $2,278.6 billion.
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