Arrowstreet Global Equity Review: Performance, AUM, Founders

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5. Alphabet Inc (NASDAQ:GOOG)

Arrowstreet also disclosed a $563.91 million stake in Alphabet Inc (NASDAQ:GOOG), which contained 620,551 class C shares at the end of June, up by 62% over the quarter. Earlier this year, Alphabet Inc (NASDAQ:GOOG) was fined $2.7 billion by the European Commission and the EU finance ministers are planning to meet to discuss a potential tax hike for digital companies, which include Alphabet Inc (NASDAQ:GOOG). Alphabet Inc (NASDAQ:GOOG)’s stock has gained over 21% since the beginning of the year, as the company managed to beat the consensus EPS and revenue estimates, despite the fine dragging its second-quarter profits lower. Alphabet Inc (NASDAQ:GOOG) seems to be well positioned to continue its growth, as its leading position on the digital advertising market will remain strong and will offer the tech giant resources to pursue its other projects, some of which are bound to become profitable. During the second quarter, the number of investors holding class C shares of Alphabet Inc (NASDAQ:GOOG) increased by 10 to 127.

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