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

Key Points

• A Tennessee Republican representative disclosed selling $1,001 to $15,000 of Alphabet shares on June 16, according to a filing made June 17. The same account also showed recent sales of several other major stocks, including Nvidia, Microsoft, Amazon, Apple, and Intel.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion, topping estimates. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Analysts remain broadly bullish on Alphabet, with a consensus rating of Moderate Buy and an average price target of $413.13. However, the company is facing fresh regulatory scrutiny in the U.K. over Google Search conduct requirements.

Representative (Republican-Tennessee) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on June 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on June 16th. The trade occurred in the Representative's "SCHWAB ONE ACCOUNT" account.

Representative also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/16/2026.
• Sold $1,001 - $15,000 in shares of Southwest Airlines NYSE: LUV on 6/16/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 6/16/2026.
• Sold $15,001 - $50,000 in shares of Tapestry NYSE: TPR on 6/16/2026.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/16/2026.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 6/16/2026.
• Sold $1,001 - $15,000 in shares of ExxonMobil NYSE: XOM on 6/16/2026.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 6/16/2026.
• Sold $1,001 - $15,000 in shares of GE Vernova NYSE: GEV on 6/16/2026.
• Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/16/2026.

Alphabet Price Performance

Alphabet stock opened at $363.79 on Thursday. The stock's fifty day moving average price is $364.75 and its two-hundred day moving average price is $331.35. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.41 trillion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. As a group, research analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Tigress Financial set a $415.00 target price on Alphabet and gave the company a "strong-buy" rating in a research report on Thursday, February 19th. Robert W. Baird upped their price objective on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Bank of America lifted their target price on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $413.13.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google's search services

Institutional Investors Weigh In On Alphabet

A number of hedge funds have recently added to or reduced their stakes in GOOGL. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter valued at about $30,534,239,000. Berkshire Hathaway Inc acquired a new stake in shares of Alphabet in the 3rd quarter worth about $4,338,397,000. Cardano Risk Management B.V. lifted its position in Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. raised its position in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after buying an additional 12,531,695 shares during the last quarter. Finally, Capital World Investors lifted its stake in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 159,466 shares of company stock worth $6,957,543. Company insiders own 11.61% of the company's stock.

About Representative

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.

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