Rep. Jonathan L. Jackson Sells Off Shares of Alphabet Inc. (NASDAQ:GOOGL)

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on May 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alphabet stock on April 21st. The trade occurred in the Representative's "MORGAN STANLEY TRUST ACCOUNT" account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Purchased $50,001 - $100,000 in shares of Netflix NASDAQ: NFLX on 4/16/2025.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $15,001 - $50,000 in shares of Aramark NYSE: ARMK on 4/10/2025.
• Sold $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 4/10/2025.
• Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 3/4/2025.

Alphabet Price Performance

Shares of GOOGL traded down $1.41 during trading hours on Thursday, hitting $163.96. 33,049,884 shares of the company were exchanged, compared to its average volume of 29,003,681. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $158.21 and its 200 day moving average is $175.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GOOGL shares. Piper Sandler raised their price objective on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Tuesday, May 6th. DA Davidson reduced their price objective on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus dropped their target price on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $200.00 target price (down from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total value of $529,302.32. Following the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,815,948.32. This represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,324 shares of company stock worth $30,153,353 over the last ninety days. 11.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Generation Investment Management LLP raised its stake in shares of Alphabet by 23.3% in the first quarter. Generation Investment Management LLP now owns 3,881,774 shares of the information services provider's stock valued at $600,278,000 after buying an additional 732,631 shares during the period. Promethium Advisors LLC raised its stake in shares of Alphabet by 30.4% in the first quarter. Promethium Advisors LLC now owns 24,812 shares of the information services provider's stock valued at $3,837,000 after buying an additional 5,780 shares during the period. Paragon Private Wealth Management LLC raised its stake in shares of Alphabet by 8.3% in the first quarter. Paragon Private Wealth Management LLC now owns 30,338 shares of the information services provider's stock valued at $4,691,000 after buying an additional 2,333 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Alphabet by 0.9% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 30,748 shares of the information services provider's stock valued at $4,755,000 after buying an additional 274 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Alphabet by 18.5% in the first quarter. Federation des caisses Desjardins du Quebec now owns 1,494,352 shares of the information services provider's stock valued at $231,124,000 after buying an additional 233,371 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois' 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois' 1st Congressional District. He declared candidacy for the 2026 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson's career experience includes working as an investment analyst and an entrepreneur.

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.