Alphabet (NASDAQ:GOOGL) Stock Bought Rep. David Taylor

Key Points

• Rep. David Taylor purchased between $1,001 and $15,000 of Alphabet shares on August 11 through his trust brokerage account, following another Alphabet purchase in July. He also recently bought shares of Installed Building Products and Procter & Gamble and sold Microsoft stock.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst estimates. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annualized yield.
• Analyst sentiment remains broadly positive, with Alphabet receiving an average “Buy” rating and a consensus price target of $420.19. Recent bullish factors include expanding AI infrastructure demand, Marvell’s Google chip agreement and regulatory progress for Waymo robotaxis.

Representative David Taylor (Republican-Ohio) recently bought shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on August 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on August 11th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 8/14/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/11/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/17/2026.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 6/15/2026.

Alphabet Stock Up 1.2%

Shares of Alphabet stock opened at $344.82 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.22 trillion, a P/E ratio of 17.32, a PEG ratio of 0.96 and a beta of 1.24. The firm's 50 day moving average price is $352.00 and its 200-day moving average price is $341.37. Alphabet Inc. has a 52-week low of $201.30 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. On average, sell-side analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Hedge Funds Weigh In On Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of GOOGL. Tassel Capital Management Inc. purchased a new stake in Alphabet in the second quarter valued at $268,000. TD Waterhouse Canada Inc. raised its stake in shares of Alphabet by 8.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,534,475 shares of the information services provider's stock valued at $554,591,000 after buying an additional 124,315 shares during the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of Alphabet by 4.3% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 52,793 shares of the information services provider's stock valued at $18,867,000 after buying an additional 2,182 shares during the last quarter. Kickstand Ventures LLC. acquired a new position in shares of Alphabet in the 2nd quarter valued at about $410,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Alphabet by 15.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 437,581 shares of the information services provider's stock valued at $156,378,000 after buying an additional 59,890 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GOOGL shares. Morgan Stanley set a $400.00 price objective on Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. Wall Street Zen downgraded Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. DA Davidson set a $350.00 target price on Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Susquehanna reissued a "positive" rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $420.19.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the sale, the director owned 18,914 shares in the company, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 451,945 shares of company stock worth $12,382,714 over the last ninety days. 11.61% of the stock is owned by corporate insiders.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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