Rep. Thomas H. Kean, Jr. Sells Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Rep. Thomas H. Kean Jr. sold $1,001–$15,000 of Alphabet shares on August 27, according to a September 12 disclosure. He also sold shares of Johnson & Johnson and Microsoft while purchasing shares of MasTec.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 earnings per share, exceeding analyst expectations. The stock was trading near $349, while analysts maintained a consensus “Buy” rating with an average price target of $420.19.
• Alphabet’s growth outlook is supported by rapid Google Cloud expansion, AI investments and Waymo’s commercial robotaxi rollout, but heavy AI infrastructure spending, reduced buybacks and potential legal investigations remain risks.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on August 27th. The trade occurred in the Representative's "STATE STREET BANK & TRUST CO." account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/27/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/27/2026.
• Purchased $1,001 - $15,000 in shares of MasTec NYSE: MTZ on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.
• Purchased $1,001 - $15,000 in shares of EQT NYSE: EQT on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/30/2026.

Alphabet Trading Up 3.2%

GOOGL stock opened at $349.39 on Tuesday. The business has a fifty day moving average price of $346.41 and a 200 day moving average price of $344.15. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The stock has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Analysts expect that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is 4.42%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Citizens Jmp reaffirmed a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a research note on Wednesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Finally, BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average price target of $420.19.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 450,875 shares of company stock valued at $11,984,482. 11.61% of the stock is owned by corporate insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

Hedge Funds Weigh In On Alphabet

Large investors have recently bought and sold shares of the business. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management bought a new position in shares of Alphabet in the fourth quarter worth about $33,000. Core Capital Management & Research inc. purchased a new position in shares of Alphabet during the 2nd quarter valued at about $41,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $52,000. Finally, Van Den Berg Management I Inc. grew its stake in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after acquiring an additional 163 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.

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