Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Alphabet Inc. NASDAQ: GOOG. In a filing disclosed on May 31st, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on May 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
- Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
- Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
- Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
- Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
Alphabet Stock Performance
NASDAQ GOOG traded up $1.68 on Wednesday, hitting $169.39. 18,476,447 shares of the company's stock traded hands, compared to its average volume of 20,268,844. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm's 50-day moving average price is $161.02 and its two-hundred day moving average price is $176.18. The firm has a market capitalization of $2.06 trillion, a PE ratio of 21.04, a P/E/G ratio of 1.34 and a beta of 1.01.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the previous year, the business posted $1.89 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is presently 9.36%.
Insider Transactions at Alphabet
In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the sale, the director now directly owns 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,270 shares of company stock valued at $26,553,563 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Alphabet
A number of large investors have recently modified their holdings of the business. Invst LLC grew its holdings in shares of Alphabet by 8.6% during the first quarter. Invst LLC now owns 11,924 shares of the information services provider's stock worth $1,863,000 after buying an additional 949 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Alphabet by 6.9% during the first quarter. Hodges Capital Management Inc. now owns 13,940 shares of the information services provider's stock worth $2,178,000 after buying an additional 902 shares in the last quarter. Integrity Wealth Advisors Inc. grew its holdings in shares of Alphabet by 2.2% during the first quarter. Integrity Wealth Advisors Inc. now owns 46,462 shares of the information services provider's stock worth $7,259,000 after buying an additional 993 shares in the last quarter. Modern Wealth Management LLC grew its holdings in shares of Alphabet by 10.8% during the first quarter. Modern Wealth Management LLC now owns 84,584 shares of the information services provider's stock worth $13,215,000 after buying an additional 8,252 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its holdings in shares of Alphabet by 5,585.7% during the first quarter. Nova Wealth Management Inc. now owns 398 shares of the information services provider's stock worth $62,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on GOOG. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Monday. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.88.
View Our Latest Analysis on GOOG
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Alphabet Company Profile
(
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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