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

Key Points

• Representative Cleo Fields purchased between $15,001 and $50,000 in shares of Alphabet Inc. (NASDAQ:GOOG) on September 17th, as disclosed in a recent filing.
• Alphabet's latest earnings report showed an Earnings Per Share (EPS) of $2.31, exceeding expectations, with quarterly revenue reaching $96.43 billion, marking a 13.8% increase year-over-year.
• The company recently announced a quarterly dividend of $0.21 per share, reflecting an annualized yield of 0.3% and a payout ratio of 8.95%.

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 $15,001 and $50,000 in Alphabet stock on September 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 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 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.
• Purchased $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 9/10/2025.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $245.54 on Thursday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $256.70. The business's 50 day moving average price is $219.78 and its 200 day moving average price is $185.88. 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 firm has a market cap 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 (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on GOOG shares. KeyCorp set a $265.00 target price on shares of Alphabet in a research report on Wednesday, September 3rd. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Scotiabank boosted their price objective on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Cowen reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Five investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $230.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOG. Independence Bank of Kentucky increased its stake in shares of Alphabet by 10.2% during the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock worth $2,329,000 after purchasing an additional 1,376 shares in the last quarter. RDA Financial Network boosted its holdings in Alphabet by 5.3% in the 2nd quarter. RDA Financial Network now owns 11,094 shares of the information services provider's stock worth $1,968,000 after buying an additional 554 shares during the last quarter. Fermata Advisors LLC increased its stake in Alphabet by 2.7% during the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock worth $1,527,000 after buying an additional 259 shares in the last quarter. Oldfather Financial Services LLC acquired a new position in shares of Alphabet during the second quarter valued at approximately $213,000. Finally, Members Trust Co lifted its position in shares of Alphabet by 84.7% in the first quarter. Members Trust Co now owns 4,999 shares of the information services provider's stock valued at $781,000 after acquiring an additional 2,292 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 103 shares of Alphabet stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the sale, the director owned 17,284 shares of the company's stock, valued at $4,202,258.92. The trade was a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares of the company's stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,285 shares of company stock valued at $50,994,787 in the last three months. Company insiders own 12.99% 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.

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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