Rep. Michael A. Rulli Sells Shares of Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Rep. Michael Rulli sold $50,001–$100,000 of Alphabet stock from his Merrill Lynch Roth IRA on October 16, following several other technology and financial-stock sales.
• Alphabet shares opened at $336.40, down 1.1%, while the company reported strong quarterly results: $9.11 EPS and $119.80 billion in revenue, both exceeding analyst expectations.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $421.85, although investors are weighing rising AI infrastructure costs, a recent Google Cloud outage and securities-fraud litigation risks.

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on October 19th, the Representative disclosed that they had sold between $50,001 and $100,000 in Alphabet stock on October 16th. The trade occurred in the Representative's "MERRILL LYNCH ROTH IRA" account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of WesBanco NASDAQ: WSBC on 10/16/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/28/2026.
• Sold $1,001 - $15,000 in shares of Wells Fargo & Company NYSE: WFC on 9/3/2026.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 9/3/2026.
• Sold $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOGL on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Allstate NYSE: ALL on 8/12/2026.
• Purchased $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 8/7/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 8/6/2026.

Alphabet Stock Down 1.1%

Shares of NASDAQ GOOG opened at $336.40 on Wednesday. The company has a market capitalization of $4.11 trillion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a 50-day moving average of $340.64 and a two-hundred day moving average of $350.00. Alphabet Inc. has a 1 year low of $244.67 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the prior year, the firm posted $2.31 EPS. The business's quarterly revenue was up 24.2% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 402,479 shares of company stock worth $7,946,534 over the last ninety days. Company insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cloud and AI-chip growth could support an earnings beat. Bank of America expects Alphabet’s third-quarter revenue and adjusted earnings to modestly exceed Wall Street forecasts, citing expanding Google Cloud capacity and strong demand for Alphabet’s custom TPU chips. Analysts remain broadly constructive, with several firms maintaining buy or overweight ratings. Alphabet's Cloud Growth, TPU Sales Could Drive Q3 Upside
• Positive Sentiment: Alphabet is expanding its AI ecosystem. Google released TorchTPU as an open-source PyTorch project, potentially making it easier for developers to use Google’s chips and reducing Nvidia’s software advantage. Google is also bringing a more personalized Gemini assistant to vehicles, which could deepen user engagement and ecosystem adoption. Google has joined Amazon in attacking Nvidia's stronghold
• Positive Sentiment: Waymo provides longer-term growth potential. Alphabet’s autonomous-driving unit plans to launch robotaxi service in Madrid in 2027 and reportedly aims to expand its fleet to 20,000 vehicles by the end of next year. The initiatives offer potential diversification beyond advertising and cloud services. Waymo to launch autonomous ride-hailing in Madrid
• Neutral Sentiment: Alphabet’s valuation continues to attract investors. Commentators describe GOOG as one of the more reasonably valued “Magnificent Seven” stocks, while recent institutional filings show additional purchases by some large funds. These signals may support the shares but are not immediate earnings catalysts. Amazon vs Alphabet
• Negative Sentiment: A Google Cloud outage disrupted U.K. banks and financial applications. Although services were largely restored, the incident highlights reliability and concentration risks as Google Cloud becomes more important to critical infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Investors remain concerned about AI capital spending. Expectations for heavier infrastructure investment, potentially weaker free cash flow and pressure on margins could overshadow strong revenue growth ahead of the October 28 earnings report. A broader AI-stock sell-off is adding to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misrepresented the timing or progress of its Gemini 3.5 Pro model. The announcements may weigh on sentiment, although the financial impact remains uncertain. Alphabet securities-fraud lawsuit

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP bought a new stake in shares of Alphabet during the 2nd quarter worth $45,352,000. BlackRock Inc. grew its stake in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after buying an additional 5,164,200 shares during the last quarter. State Street Corp grew its stake in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after buying an additional 5,208,690 shares during the last quarter. Auto Owners Insurance Co raised its holdings in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after acquiring an additional 179,369,280 shares during the period. Finally, Amundi raised its holdings in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after acquiring an additional 4,083,758 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore raised their target price on Alphabet from $420.00 to $450.00 and gave the stock an "outperform" rating in a research report on Thursday, September 17th. Wedbush began coverage on shares of Alphabet in a research report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 target price on the stock. Barclays restated an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. The Goldman Sachs Group reduced their target price on Alphabet from $440.00 to $435.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Finally, Truist Financial decreased their target price on Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $421.85.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio's 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027. Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio's 6th Congressional District. He declared candidacy for the 2026 election. Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli's career experience includes working as the director of operations with Rulli Bros. Markets.

Alphabet Company Profile

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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