Rep. Cleo Fields Buys Alphabet Inc. (NASDAQ:GOOG) Shares

Key Points

• Representative Cleo Fields purchased between $100,001 and $250,000 in shares of Alphabet Inc. (NASDAQ:GOOG) on July 17th, according to a recent filing.
• Alphabet reported a quarterly earnings per share (EPS) of $2.31, surpassing estimates and indicating a 13.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.21 per share, with an ex-dividend date of September 8th, reflecting a dividend yield of 0.4%.

Representative Cleo Fields (D-Louisiana) recently bought shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on August 06th, the Representative disclosed that they had bought between $100,001 and $250,000 in Alphabet stock on July 17th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Alphabet NASDAQ: GOOG on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 7/29/2025.
• Purchased $250,001 - $500,000 in shares of NVIDIA NASDAQ: NVDA on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOG on 7/29/2025.
• Purchased $100,001 - $250,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.

Alphabet Price Performance

GOOG opened at $197.28 on Friday. The stock has a market cap of $2.39 trillion, a P/E ratio of 21.01, a P/E/G ratio of 1.31 and a beta of 1.02. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $181.28 and a 200 day simple moving average of $174.68.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. Alphabet's payout ratio is 8.95%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Susquehanna restated a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Barclays restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Lake Street Capital reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $215.19.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total transaction of $6,377,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,494,892 shares of the company's stock, valued at $489,572,657.16. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the transaction, the director owned 240,400 shares in the company, valued at approximately $44,656,704. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,219 shares of company stock worth $49,474,273 in the last quarter. Insiders own 12.99% of the company's stock.

Institutional Investors Weigh In On Alphabet

Large investors have recently made changes to their positions in the stock. Verus Capital Partners LLC increased its holdings in Alphabet by 7.4% during the second quarter. Verus Capital Partners LLC now owns 34,575 shares of the information services provider's stock worth $6,133,000 after buying an additional 2,389 shares during the last quarter. STF Management LP lifted its position in shares of Alphabet by 2.9% in the second quarter. STF Management LP now owns 33,395 shares of the information services provider's stock valued at $5,924,000 after buying an additional 940 shares during the last quarter. Cascade Financial Partners LLC boosted its stake in shares of Alphabet by 8.7% during the 2nd quarter. Cascade Financial Partners LLC now owns 17,495 shares of the information services provider's stock worth $3,103,000 after acquiring an additional 1,400 shares during the period. Boston Partners increased its holdings in shares of Alphabet by 239.7% during the 2nd quarter. Boston Partners now owns 63,128 shares of the information services provider's stock worth $11,198,000 after acquiring an additional 44,546 shares during the last quarter. Finally, Clarity Wealth Advisors LLC increased its holdings in shares of Alphabet by 1.7% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 32,659 shares of the information services provider's stock worth $5,793,000 after acquiring an additional 551 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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