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

Alphabet logo with Computer and Technology background

Key Points

  • Representative Val T. Hoyle sold shares in Alphabet Inc. (NASDAQ:GOOGL) valued between $15,001 and $50,000 on September 23rd, 2023.
  • Alphabet recently reported earnings of $2.31 per share, surpassing estimates, with revenue of $96.43 billion for the quarter.
  • The firm announced a quarterly dividend of $0.21 per share, yielding approximately 0.4%, with a low dividend payout ratio of 8.95%.
  • Five stocks we like better than Alphabet.

Representative Val T. Hoyle (D-Oregon) recently sold shares of Alphabet Inc. NASDAQ: GOOGL. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alphabet stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

  • Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
  • Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $236.57 on Friday. 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 moving average price of $226.31 and a two-hundred day moving average price of $188.49. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The company has a market capitalization of $2.86 trillion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is 8.95%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 953 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the sale, the chief accounting officer owned 17,294 shares in the company, valued at approximately $4,171,312.80. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. The trade was a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,738 shares of company stock worth $59,135,475 in the last ninety days. Insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Roth Capital raised their target price on shares of Alphabet from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein lifted their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Barclays increased their price target on Alphabet from $235.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 3rd. Moffett Nathanson increased their price target on Alphabet from $230.00 to $295.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $245.88.

View Our Latest Stock Report on Alphabet

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock valued at $91,033,300,000 after acquiring an additional 6,733,278 shares during the last quarter. State Street Corp lifted its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alphabet by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider's stock valued at $24,857,017,000 after acquiring an additional 4,224,497 shares during the last quarter. Norges Bank acquired a new stake in Alphabet in the 2nd quarter valued at about $21,944,208,000. Finally, Invesco Ltd. lifted its holdings in Alphabet by 1.2% in the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider's stock valued at $7,780,875,000 after acquiring an additional 503,306 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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