Rep. David Taylor Purchases Alphabet Inc. (NASDAQ:GOOGL) Stock

Key Points

• Rep. David Taylor purchased $1,001–$15,000 of Alphabet stock on July 17 through his trust brokerage account. He also recently bought shares of Microsoft, Kroger, Broadcom, Chevron and other companies while selling Marathon Petroleum and Fifth Third Bancorp.
• Alphabet reported quarterly EPS of $9.11, well above the $2.89 analyst consensus, on revenue of $119.80 billion. Analysts maintain a consensus “Buy” rating with an average price target of $419.86.
• Alphabet is benefiting from strong AI and cloud momentum, including reported 82% Google Cloud revenue growth and a $514 billion backlog. However, insiders have sold more than 600,000 shares worth approximately $16.3 million over the past 90 days.

Representative David Taylor (Republican-Ohio) recently bought shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on August 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on July 17th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 6/15/2026.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 6/15/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 6/5/2026.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 6/5/2026.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 6/5/2026.

Alphabet Price Performance

Shares of GOOGL opened at $354.30 on Friday. The company has a 50 day moving average of $355.68 and a two-hundred day moving average of $340.41. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $196.60 and a twelve month high of $408.61. The company has a market cap of $4.33 trillion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (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 business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue reportedly increased 82% in the second quarter, with backlog reaching $514 billion, while the Gemini app reached approximately 950 million monthly active users. The results reinforce the commercial demand supporting Alphabet’s AI and cloud investments. Google's AI business is booming, so why are DeepMind's biggest names quitting?
• Positive Sentiment: Analysts and investors continue to highlight Alphabet’s strong cash generation, balance sheet and valuation relative to its growth prospects. Some market models see the shares reaching $400 as Cloud momentum and AI monetization continue. Price Prediction: Google Will Hit $400 on This Date
• Positive Sentiment: Alphabet’s expanded Google Cloud partnership with AI lab Mirendil, reportedly worth more than $100 million over multiple years, provides another example of demand for its computing infrastructure. Mirendil Google Cloud deal

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 600,547 shares of company stock valued at $16,255,540 in the last 90 days. Insiders own 11.61% of the company's stock.

Hedge Funds Weigh In On Alphabet

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Wealth LLC lifted its stake in shares of Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after purchasing an additional 93,293 shares during the period. PFG Investments LLC boosted its holdings in Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after buying an additional 2,269 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in Alphabet during the fourth quarter worth about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Alphabet by 17.1% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock valued at $37,236,000 after buying an additional 17,415 shares in the last quarter. Finally, Victory Financial Group LLC lifted its position in shares of Alphabet by 29.8% during the 4th quarter. Victory Financial Group LLC now owns 17,632 shares of the information services provider's stock valued at $5,519,000 after acquiring an additional 4,048 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Loop Capital raised their price target on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Royal Bank Of Canada restated an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus price target of $419.86.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source