Rep. Michael A. Rulli Purchases Alphabet Inc. (NASDAQ:GOOGL) Stock

Key Points

• Rep. Michael A. Rulli purchased $1,001–$15,000 of Alphabet stock on June 25 in a managed Merrill Lynch account, following another Alphabet purchase on June 29. His recent trades also included buying NVIDIA, Micron and KLA while selling shares of major technology companies including Microsoft, Amazon and Apple.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, while revenue reached $119.80 billion. Analysts maintain a consensus “Buy” rating with an average price target of $419.86, and the company declared a quarterly dividend of $0.22 per share.
• Alphabet’s outlook is supported by surging Google Cloud revenue and heavy planned AI infrastructure spending, although the company continues to face risks from user-addiction lawsuits and scrutiny surrounding Waymo’s autonomous-vehicle 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 25th. 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 Alphabet NASDAQ: GOOGL on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU 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

Shares of Alphabet stock opened at $357.52 on Tuesday. Alphabet Inc. has a one year low of $196.60 and a one year high of $408.61. The company has a market cap of $4.37 trillion, a price-to-earnings ratio of 17.96, a PEG 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. The business's 50 day moving average price is $355.30 and its 200 day moving average price is $340.74.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, research analysts predict that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOGL shares. China Renaissance boosted their price target on shares of Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Citigroup restated an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $393.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 target price on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday, July 23rd. Finally, Canaccord Genuity Group increased their price target on shares of Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average target price of $419.86.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on 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 sale, the insider directly owned 75,290 shares of the company's stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 600,547 shares of company stock valued at $16,255,540. Company insiders own 11.61% of the company's stock.

Alphabet News Summary

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 Trading of Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the stock. NWK Group Inc. lifted its position in Alphabet by 0.3% in the second quarter. NWK Group Inc. now owns 70,846 shares of the information services provider's stock valued at $25,318,000 after buying an additional 230 shares during the last quarter. Strategic Equity Management acquired a new stake in shares of Alphabet during the second quarter valued at about $259,000. Toews Corp ADV purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $329,000. Wellington Shields & Co. LLC raised its stake in shares of Alphabet by 14.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 18,966 shares of the information services provider's stock valued at $6,778,000 after acquiring an additional 2,426 shares during the period. Finally, Portland Financial Advisors Inc acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $212,000. 40.03% of the stock is currently 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.

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.

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