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

Key Points

• Representative Cleo Fields purchased between $100,001 and $250,000 in shares of Alphabet Inc. (NASDAQ:GOOG) on July 14, reflecting increasing investments in technology stocks.
• Alphabet's stock is currently valued at $197.28 with a market cap of $2.39 trillion and reported a revenue of $96.43 billion for the last quarter, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.21 per share, to be paid on September 15, with an annualized 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 14th. 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 Stock Up 0.2%

Shares of NASDAQ:GOOG opened at $197.28 on Friday. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.31 and a beta of 1.02. 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 Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The business's 50 day moving average is $181.28 and its 200 day moving average is $174.68.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. 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 presently 8.95%.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ARQ Wealth Advisors LLC raised its stake in shares of Alphabet by 39.3% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after purchasing an additional 1,400 shares during the period. Independence Bank of Kentucky raised its stake in shares of Alphabet by 10.2% during the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock valued at $2,329,000 after purchasing an additional 1,376 shares during the period. Harvest Investment Services LLC raised its stake in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after purchasing an additional 138 shares during the period. Fermata Advisors LLC raised its stake in shares of Alphabet by 2.7% during the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after purchasing an additional 259 shares during the period. Finally, jvl associates llc raised its stake in shares of Alphabet by 3.5% during the 1st quarter. jvl associates llc now owns 10,055 shares of the information services provider's stock valued at $1,571,000 after purchasing an additional 343 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction on Monday, August 4th. The stock was 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 in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 400 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the sale, the director owned 6,013 shares in the company, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,219 shares of company stock valued at $49,474,273. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Roth Capital reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Oppenheimer reissued an "outperform" rating and issued a $235.00 price objective (up previously from $220.00) on shares of Alphabet in a research report on Thursday, July 24th. Lake Street Capital reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $215.19.

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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