Suncoast Equity Management Cuts Alphabet Inc. Class C Stake

NodeGuardian · 2026-02-12T04:29:50+00:00

Suncoast Equity Management, under Donald R. Jowdy, has cut its Alphabet Inc. Class C stake by 52,846 shares. Despite this, analysts remain positive, citing strong quarterly results and advancements in AI and cloud technology, resulting in a "Strong Buy" rating.

NodeGuardian

2026-02-12 04:29:50

Abstract generation in progress

Suncoast Equity Management, led by Donald R. Jowdy, has reduced its stake in Alphabet Inc. Class C (GOOG) by 52,846 shares. Despite this reduction, Alphabet Class C has seen significant gains over the past year, with Wall Street maintaining a “Strong Buy” view and analysts highlighting strong quarterly results and significant investments in AI and cloud technology. Spark, TipRanks’ AI Analyst, rates GOOG as “Outperform” due to strong financial performance and technical trends, tempered by current valuation and projected capital expenditure.

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