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SCS Capital Management Cuts Alphabet Inc. Class C Stake
SCS Capital Management LLC, led by Antony J. Abbiati, has reduced its stake in Alphabet Inc. Class C (GOOG) by 9,153 shares. Despite recent volatility, Alphabet Inc. Class C stock has surged significantly over the past year, and Wall Street analysts maintain a “Strong Buy” rating with bullish price targets, driven by strong Search and Google Cloud revenue growth and a substantial cloud backlog. Spark, TipRanks’ AI Analyst, also rates GOOG as “Outperform” due to strong financial performance and technical trends, though it notes concerns about high 2026 capital expenditures.