Alphabet (NASDAQ:GOOG) Stock Unloaded by Rep. Pete Sessions

Key Points

• Rep. Pete Sessions sold between $100,001 and $250,000 of Alphabet stock on October 2 from his “TRUST ONE” account, as part of a broader series of recent stock sales.
• Alphabet’s revenue rose 24.7% year over year to $127.58 billion, but quarterly EPS of $2.12 missed the $3.01 analyst consensus. Strong Google Cloud and AI growth were offset by heavy capital spending, weaker-than-expected profitability and concerns about slowing Search advertising growth.
• Despite the earnings-related concerns, analysts maintain a consensus “Buy” rating with an average price target of $421.85, while Alphabet continues to attract institutional investment and trades near $321.89.

Representative Pete Sessions (Republican-Texas) recently sold shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $100,001 and $250,000 in Alphabet stock on October 2nd. The trade occurred in the Representative's "TRUST ONE" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.

Alphabet Trading Up 1.6%

Shares of NASDAQ:GOOG opened at $321.89 on Thursday. The company has a 50 day moving average of $338.12 and a 200-day moving average of $338.76. The firm has a market cap of $3.94 trillion, a P/E ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.19. Alphabet Inc. has a twelve month low of $268.43 and a twelve month high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter in the prior year, the business earned $2.87 EPS. Alphabet's revenue was up 24.7% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated sharply. Cloud revenue more than doubled to approximately $30.7 billion, reflecting strong enterprise demand and supporting the view that Alphabet’s AI investments are generating substantial revenue. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI products and infrastructure offer longer-term upside. Alphabet launched its Gemini 4 Carbon model, expanded AI Search advertising internationally and reportedly attracted interest from OpenAI in its internally developed TPU chips. One analyst described the post-earnings pullback as a potential buying opportunity. Google's post-earnings stock pullback could be a buying opportunity
• Neutral Sentiment: Revenue remained solid but the mix was concerning. Total revenue rose 25% to about $127.6 billion, close to expectations, while YouTube advertising increased 9%. However, investors are increasingly focused on whether AI-driven businesses can offset slowing growth in Google’s core Search advertising franchise. Google Shares Fall as Ad Revenue Misses Estimates
• Negative Sentiment: Profitability and cash flow disappointed. Third-quarter EPS of $2.12 missed consensus estimates near $3.00 and fell from $2.87 a year earlier, partly due to an approximately $8.7 billion investment loss. Capital expenditures reached roughly $51.4 billion, while free cash flow turned negative as Alphabet expanded data-center capacity and hired AI talent. The heavy spending raised concerns that AI returns may take longer to materialize. Alphabet's heavy cloud spending drives bigger-than-expected cash burn
• Negative Sentiment: Regulatory and legal risks remain secondary overhangs. South Korean authorities fined Google over alleged app-market practices, while multiple law firms publicized securities litigation tied to alleged disclosures about Gemini development. These issues were less important than earnings but could add longer-term uncertainty. South Korea fines Google and Apple over unfair app market practices

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morton Brown Family Wealth LLC lifted its position in Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after buying an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $29,000. Livelsberger Financial Advisory acquired a new stake in Alphabet in the 3rd quarter valued at about $37,000. Timbuktu Capital Management LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $46,000. Finally, Robinswood Financial LLC bought a new position in shares of Alphabet in the first quarter worth about $57,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. Wells Fargo & Company set a $417.00 price target on Alphabet and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Sanford C. Bernstein decreased their target price on Alphabet from $390.00 to $385.00 and set a "market perform" rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Thursday, October 15th. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating and lowered their price objective for the stock from $450.00 to $425.00 in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $421.85.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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