Alphabet (GOOGL Stock) Reported a Strong Quarterly Result


In the July 2022 investor letter, Lakehouse Capital analyzes equities like Alphabet Inc. (NASDAQ:GOOGL). Alphabet Inc. is a global technology corporation with its headquarters in Mountain View, California (NASDAQ:GOOGL). Alphabet Inc.’s (NASDAQ:GOOGL) shares ended trading on September 27, 2022, at $98.09 per share. Alphabet Inc.’s (NASDAQ:GOOGL) one-month return was -10.75%, while over the previous 52 weeks, the stock’s value decreased by 27.97%. The market value of Alphabet Inc. (NASDAQ:GOOGL) is $1.277 trillion.

A letter to investors for the “Lakehouse Global Growth Fund” from investment management firm Lakehouse Capital was published in July of that year. You can get the same document here. In a busy month like July, the fund outperformed its benchmark, which returned 5.4%, returning 11.1% after fees and costs. To learn about the fund’s top selections for 2022, please also review its top five holdings.

Lakehouse Capital Comment on GOOGL stock

In its investor letter, Lakehouse Capital made the following particular comments on Alphabet Inc. (NASDAQ:GOOGL):

“Despite the challenging macroeconomic environment, Alphabet Inc. reported another solid quarterly result. Revenue increased by 13% as Search proved resilient, primarily driven by strength in the travel and retail verticals. YouTube advertising growth was lighter and moderated due to a difficult comparison period and a general softening in brand advertising spending.

The stock on our list of the 30 Most Popular Stocks Among Hedge Funds is Alphabet Inc. 153 hedge fund portfolios owned Alphabet Inc. at the end of the second quarter, down from 160 at the previous quarter, according to our database.

In a previous post, we covered Alphabet Inc. and presented Madison Funds’ analysis of the business. For additional investor letters from hedge funds and other top investors, please visit our page on hedge fund investor letters for Q2 2022.

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