Rep. Pete Sessions Unloads Alphabet Inc. (NASDAQ:GOOGL) Shares

Key Points

• Rep. Pete Sessions sold $15,001–$50,000 of Alphabet shares on September 14 from his ET INVEST account. He also sold comparable holdings in AbbVie and smaller holdings in Ares Capital.
• Alphabet reported strong quarterly results, with $9.11 in EPS versus the $2.89 analyst consensus and $119.80 billion in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $422.16.
• Alphabet’s AI expansion remains a major focus, including new Gemini voice models, AI hardware and data-center power initiatives; however, the company faces regulatory pressure, including a €403 million Irish privacy fine over location-data processing.

Representative Pete Sessions (Republican-Texas) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on September 18th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alphabet stock on September 14th. The trade occurred in the Representative's "ET INVEST" account.

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

• Sold $15,001 - $50,000 in shares of AbbVie NYSE: ABBV on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Ares Capital NASDAQ: ARCC on 7/24/2026.

Alphabet Stock Performance

GOOGL stock opened at $354.97 on Tuesday. The company has a 50-day simple moving average of $345.25 and a 200 day simple moving average of $345.54. The company has a market capitalization of $4.34 trillion, a P/E ratio of 17.83, a PEG ratio of 1.01 and a beta of 1.22. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the 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 disclosure for this sale is available in the SEC filing. Insiders have sold 450,875 shares of company stock valued at $11,984,482 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
• Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
• Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
• Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
• Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

Hedge Funds Weigh In On Alphabet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Wealth Advisors LLC grew its holdings in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC raised its stake in shares of Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC lifted its position in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after purchasing an additional 27 shares during the period. Cadia Private Client LLC lifted its position in Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC boosted its stake in Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after buying an additional 28 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Barclays reissued an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Piper Sandler restated an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Evercore reaffirmed an "outperform" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, September 16th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $422.16.

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 and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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.