Alphabet (NASDAQ:GOOG) Stock Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on April 7th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 4/11/2025.
• Sold $1,001 - $15,000 in shares of DT Midstream NYSE: DTM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 4/7/2025.

Alphabet Price Performance

NASDAQ GOOG traded up $2.13 on Friday, reaching $167.53. The company's stock had a trading volume of 15,865,919 shares, compared to its average volume of 19,634,448. The firm has a market cap of $2.03 trillion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business has a 50-day moving average price of $160.16 and a 200 day moving average price of $176.77. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Institutional Investors Weigh In On Alphabet

Several hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter worth $5,166,070,000. Nuveen LLC bought a new stake in shares of Alphabet during the first quarter worth $2,622,943,000. GAMMA Investing LLC increased its position in shares of Alphabet by 18,562.3% during the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock worth $2,237,733,000 after acquiring an additional 14,246,573 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after acquiring an additional 9,687,855 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock worth $15,971,861,000 after acquiring an additional 9,243,959 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOG shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Westpark Capital reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $203.94.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,824 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,815,948.32. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. The trade was a 9.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,324 shares of company stock worth $30,153,353. Insiders own 12.99% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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