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

Key Points

• Representative Cleo Fields purchased shares of Alphabet Inc. (NASDAQ:GOOG) valued between $100,001 and $250,000 on September 3rd, indicating confidence in the company's performance.
• Alphabet Inc. recently reported a net revenue of $96.43 billion for the last quarter, surpassing expectations and showing a 13.8% increase compared to the same period last year.
• The company declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 0.3%.

Representative Cleo Fields (D-Louisiana) recently bought shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on September 30th, the Representative disclosed that they had bought between $100,001 and $250,000 in Alphabet stock on September 3rd. 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 Oracle NYSE: ORCL on 9/23/2025.
• Purchased $1,001 - $15,000 in shares of Opendoor Technologies NASDAQ: OPEN on 9/19/2025.
• Purchased $15,001 - $50,000 in shares of Oracle NYSE: ORCL on 9/18/2025.
• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 9/17/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 9/17/2025.
• Purchased $50,001 - $100,000 in shares of Oracle NYSE: ORCL on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOG on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 9/17/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 9/17/2025.
• Purchased $50,001 - $100,000 in shares of Amazon.com NASDAQ: AMZN on 9/10/2025.

Alphabet Trading Up 0.8%

Shares of GOOG stock opened at $245.54 on Thursday. The stock has a 50-day simple moving average of $219.78 and a 200 day simple moving average of $185.88. The stock has a market capitalization of $2.97 trillion, a P/E ratio of 26.15, a P/E/G ratio of 1.64 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $256.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were issued a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio is 8.95%.

Institutional Trading of Alphabet

Large investors have recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC raised its position in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC purchased a new position in Alphabet during the 1st quarter valued at about $26,000. IFS Advisors LLC increased its holdings in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares during the period. Robbins Farley lifted its position in shares of Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Finally, WestEnd Advisors LLC lifted its position in shares of Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock worth $29,000 after purchasing an additional 61 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,285 shares of company stock worth $50,994,787 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Oppenheimer reiterated an "outperform" rating and issued a $270.00 target price (up from $235.00) on shares of Alphabet in a report on Wednesday, September 3rd. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Pivotal Research increased their price objective on Alphabet from $245.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Lake Street Capital restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Robert W. Baird boosted their target price on Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $230.35.

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.

Alphabet Company Profile

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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