Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed selling Alphabet shares worth between $1,001 and $15,000 on May 5, according to a filing released June 8.
• Alphabet stock fell 2.1% to $356.71 as the article noted trading near its 50-day average and well above its 200-day average, with a market cap of about $4.32 trillion.
• Alphabet reported strong quarterly results, including EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion, while also boosting its quarterly dividend to $0.22 per share.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on May 5th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of SoftBank Group OTCMKTS: SFTBF on 6/2/2026.
• Purchased $1,001 - $15,000 in shares of Ciena NYSE: CIEN on 5/29/2026.
• Sold $1,001 - $15,000 in shares of AutoZone NYSE: AZO on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Independent Bank NASDAQ: INDB on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Arcutis Biotherapeutics NASDAQ: ARQT on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of HealthEquity NASDAQ: HQY on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Perella Weinberg Partners NASDAQ: PWP on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Cooper Companies NASDAQ: COO on 5/29/2026.
• Purchased $1,001 - $15,000 in shares of Ligand Pharmaceuticals NASDAQ: LGND on 5/29/2026.

Alphabet Stock Down 2.1%

GOOGL stock traded down $7.55 during trading on Wednesday, reaching $356.71. 31,982,157 shares of the stock were exchanged, compared to its average volume of 31,985,529. The firm's 50 day moving average is $356.15 and its 200 day moving average is $329.17. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. 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 cap of $4.32 trillion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $106.98 billion. As a group, research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is getting a bullish long-term earnings outlook from analysts, with commentary pointing to strong AI and cloud growth into 2027. Veteran Analyst Firm Resets Alphabet Forecast for 2027
• Positive Sentiment: Google expanded Gemini with new small-business features, highlighting ongoing monetization efforts for its AI products and a broader push to make Gemini more useful for commercial users. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet continues to receive upbeat long-term growth coverage, with some analysts describing it as a top growth stock thanks to its AI, search, and cloud businesses. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Alphabet’s Gemini app reportedly doubled monthly users to 900 million, reinforcing the scale of its AI ecosystem and suggesting growing engagement. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Wall Street price-target chatter remains constructive, with some forecasts implying meaningful upside over the next couple of years. Wall Street sets Google stock price target for 2027
• Neutral Sentiment: Google Cloud said a fire at a third-party facility caused intermittent network disruptions for some customers in India, a reminder of operational risks, though the incident appears limited. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google and Meta a new trial in the youth social media addiction case, keeping legal overhang alive for Alphabet’s YouTube business. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
• Negative Sentiment: Investor concern also remains focused on Alphabet’s heavy AI spending, Waymo expansion costs, and search-business shifts, which may be pressuring valuation. Alphabet’s AI Spend, Waymo Expansion And Search Shifts Weigh On Valuation

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in shares of Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after acquiring an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank grew its holdings in shares of Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after acquiring an additional 3,120 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. Robert W. Baird upped their price target on Alphabet from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Wolfe Research dropped their price target on Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research note on Friday, April 10th. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. New Street Research upped their price target on Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $413.13.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,016 shares of company stock valued at $17,282,549 over the last quarter. Corporate insiders own 11.61% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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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