Rep. Michael A. Rulli Buys Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Rep. Michael A. Rulli purchased $1,001–$15,000 of Alphabet shares on June 29 in a Merrill Lynch managed account, following another Alphabet purchase on June 25. He also traded shares of several major technology companies, including NVIDIA, Micron, Microsoft, Amazon and Apple.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $419.86.
• Alphabet declared a quarterly dividend of $0.22 per share, equal to an annualized $0.88 payout and a 0.2% yield. The company’s AI outlook remains positive, though it faces risks from user-addiction lawsuits and increased scrutiny of Waymo’s expansion.

Representative Michael A. Rulli (Republican-Ohio) recently bought shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on August 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on June 29th. The trade occurred in the Representative's "MERRILL LYNCH MANAGED ACCOUNT" account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 8/6/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 7/1/2026.
• Purchased $1,001 - $15,000 in shares of KLA NASDAQ: KLAC on 7/1/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 6/25/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/25/2026.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/25/2026.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 6/25/2026.

Alphabet Stock Performance

NASDAQ GOOGL opened at $357.52 on Tuesday. Alphabet Inc. has a 52-week low of $196.60 and a 52-week high of $408.61. The company has a fifty day moving average of $355.30 and a 200-day moving average of $340.74. The company has a market capitalization of $4.37 trillion, a P/E ratio of 17.96, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating 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 analysts' expectations of $117.07 billion. As a group, equities research analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th 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 Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

Analyst Ratings Changes

GOOGL has been the topic of several recent research reports. BNP Paribas Exane increased their price objective on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. HSBC reaffirmed a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Oppenheimer boosted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $419.86.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares of the company's stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 600,547 shares of company stock valued at $16,255,540. 11.61% of the stock is currently owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reportedly raised its 2026 capital-expenditure outlook to approximately $205 billion, signaling strong expected demand for AI computing capacity. The spending could support Google Cloud, data-center growth and Alphabet’s competitive position in AI. Alphabet's Higher AI Spending Could Boost These ETFs
• Positive Sentiment: Google Cloud revenue grew 82% year over year, while its contracted backlog reached roughly $514 billion. Investors view that momentum as evidence that AI adoption may justify Alphabet’s aggressive infrastructure investments and provide a substantial source of future revenue. Alphabet's Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Google Play is adding Venmo as a payment option for apps, games and digital content. The move could make purchases more convenient and modestly support Google’s digital-commerce ecosystem. Google Play adds Venmo as a payment option
• Positive Sentiment: An investment commentary identifies Alphabet as a leading AI stock, reinforcing institutional interest following its strong earnings and AI-related growth outlook. Is Alphabet Still One of the Best AI Stocks to Own?
• Neutral Sentiment: Broader market commentary points to positive technology momentum, possible Federal Reserve liquidity support and recent earnings strength. These factors may help Alphabet’s valuation, but they are marketwide rather than company-specific. Why Momentum, Fed Liquidity, and Tech Suggest More Upside
• Negative Sentiment: Google, along with other social-media platforms, continues to face thousands of lawsuits alleging user addiction. Prolonged litigation could create legal costs, regulatory pressure and reputational risks for Alphabet. Social Media Platforms Still Facing Thousands of User Addiction Lawsuits
• Negative Sentiment: Waymo’s rapid expansion is exposing its autonomous vehicles to more unusual “edge cases.” Although Waymo is an Alphabet subsidiary, continued incidents or safety concerns could increase operating costs and regulatory scrutiny. Waymo Is Growing Faster Than Ever. So Are Its Edge Cases.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. EMC Capital Management bought a new position in shares of Alphabet during the fourth quarter valued at approximately $33,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the fourth quarter valued at $32,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. purchased a new position in Alphabet during the 4th quarter valued at $52,000. Finally, Kentucky Trust Co raised its holdings in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio's 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027. Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio's 6th Congressional District. He declared candidacy for the 2026 election. Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli's career experience includes working as the director of operations with Rulli Bros. Markets.

Alphabet Company Profile

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