Representative Ritchie Torres (D-New York) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on July 11th.
Representative Ritchie Torres also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Equity Lifestyle Properties NYSE: ELS on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Northrop Grumman NYSE: NOC on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 7/11/2025.
- Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Equity Residential NYSE: EQR on 7/11/2025.
- Sold $1,001 - $15,000 in shares of McKesson NYSE: MCK on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Ares Management NYSE: ARES on 7/11/2025.
- Sold $1,001 - $15,000 in shares of Otis Worldwide NYSE: OTIS on 7/11/2025.
Alphabet Stock Up 3.2%
Shares of NASDAQ GOOGL traded up $6.34 during mid-day trading on Friday, hitting $206.09. The company had a trading volume of 42,730,153 shares, compared to its average volume of 36,367,980. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $186.18 and a two-hundred day simple moving average of $173.37. The company has a market capitalization of $2.49 trillion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $208.54.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96,428,000 billion during the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on GOOGL shares. Sanford C. Bernstein increased their price objective on Alphabet from $185.00 to $195.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Wedbush lifted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday. Finally, Royal Bank Of Canada raised their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.53.
View Our Latest Stock Analysis on Alphabet
Insider Buying and Selling
In related news, Director John L. Hennessy sold 1,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 6,916 shares of the company's stock, valued at $1,383,200. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock worth $47,223,172 over the last three months. Company insiders own 11.64% of the company's stock.
Institutional Investors Weigh In On Alphabet
A number of institutional investors have recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. boosted its stake in shares of Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after buying an additional 119 shares during the period. Financial Gravity Companies Inc. acquired a new position in Alphabet in the 2nd quarter valued at $31,000. IMA Advisory Services Inc. bought a new stake in shares of Alphabet during the 1st quarter valued at $28,000. von Borstel & Associates Inc. bought a new stake in shares of Alphabet during the 1st quarter valued at $28,000. Finally, NBZ Investment Advisors LLC grew its holdings in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 40.03% of the company's stock.
About Representative Torres
Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York's 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.
Torres (Democratic Party) ran for re-election to the U.S. House to represent New York's 15th Congressional District. He won in the general election on November 5, 2024.
Ritchie Torres lives in the Bronx, New York.
About Alphabet
(
Get Free Report)
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.
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