Rep. David Taylor Sells Off Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Rep. David Taylor sold Alphabet shares worth between $1,001 and $15,000 on May 15, disclosed in a filing on May 28. The article also notes Taylor made several other recent trades, including sales of Alphabet and Apple and purchases in Medpace, Home Depot, AT&T, Parker-Hannifin, Procter & Gamble, Visa, and Progressive.
• Alphabet posted strong quarterly results, with EPS of $5.11 versus the $2.64 consensus estimate and revenue of $109.90 billion, topping expectations. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Wall Street remains broadly bullish on Alphabet, with multiple firms raising price targets and the consensus rating at “Moderate Buy” with a target of $412.94. Recent headline catalysts include strong Google Cloud growth, an expanded Blackstone data center partnership, and ongoing AI-related momentum, though legal and competitive pressures remain in focus.

Representative David Taylor (Republican-Ohio) recently sold shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on May 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on May 15th. 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 Medpace NASDAQ: MEDP on 5/15/2026.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 5/15/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 5/15/2026.
• Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 5/15/2026.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 5/15/2026.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 5/15/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 4/27/2026.

Alphabet Stock Down 2.5%

GOOGL stock opened at $380.34 on Friday. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The business's 50 day simple moving average is $345.77 and its 200 day simple moving average is $324.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.61 trillion, a PE ratio of 29.01, a PEG ratio of 1.67 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research reports. Bank of America raised their target price on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Robert W. Baird upped their price target on shares of Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Arete Research increased their price target on shares of Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a report on Monday, May 18th. CICC Research raised their price objective on shares of Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research report on Friday, May 1st. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $412.94.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 226,481 shares of company stock valued at $27,422,061 in the last ninety days. Insiders own 11.61% of the company's stock.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of GOOGL. Vanguard Group Inc. increased its stake in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. State Street Corp raised its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after acquiring an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock valued at $45,625,595,000 after acquiring an additional 2,666,676 shares during the period. Norges Bank bought a new stake in shares of Alphabet during the 4th quarter valued at $30,534,239,000. Finally, Bank of America Corp DE grew its holdings in shares of Alphabet by 4.9% during the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

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.

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