Representative Dan Newhouse (Republican-Washington) recently sold shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.
Representative Dan Newhouse also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
- Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
- Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.
Alphabet Price Performance
Shares of NASDAQ GOOGL traded down $2.90 during midday trading on Tuesday, hitting $349.09. 4,896,812 shares of the company’s stock were exchanged, compared to its average volume of 32,060,836. Alphabet Inc. has a 12-month low of $187.46 and a 12-month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.44 and a beta of 1.24. The business’s fifty day moving average price is $368.16 and its two-hundred day moving average price is $338.41.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is 6.71%.
Institutional Trading of Alphabet
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Alphabet by 2.4% during 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 in the last quarter. State Street Corp increased its stake in shares of 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 purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC raised its holdings in Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares during the period. Norges Bank acquired a new position in Alphabet in the 4th quarter worth about $30,534,239,000. Finally, Bank of America Corp DE grew its holdings in Alphabet by 4.9% in the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after purchasing an additional 3,218,852 shares during the period. Institutional investors own 40.03% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google reportedly connected a new transatlantic subsea cable between Portugal and the U.S., expanding cloud and AI infrastructure capacity as demand rises. Google connects new transatlantic cable between Portugal and the US
- Positive Sentiment: Alphabet’s reported “Frozen v2” AI chip could make Gemini run much more efficiently, potentially lowering AI inference costs and improving Google Cloud margins. Google is working on a new AI chip designed to make Gemini more efficient
- Positive Sentiment: Wall Street remains broadly bullish ahead of earnings, with analysts and preview pieces pointing to strong Search, Cloud, and AI-driven revenue growth. Wall Street analysts update Google stock price ahead of earnings
- Positive Sentiment: Investors are betting Alphabet can beat expectations and reignite the tech rally when it reports Q2 results on Wednesday after the bell. Will Alphabet’s Q2 Earnings Reignite the Tech Rally?
- Neutral Sentiment: Alphabet faces a key earnings test this week, with options pricing implying a sizable post-earnings move and traders watching guidance closely. Google parent Alphabet to report Q2 earnings in latest test of AI trade
- Neutral Sentiment: Alphabet’s AI spending and infrastructure buildout remain a major focus, with investors looking for evidence that heavy capex is translating into monetization and efficiency gains. Here’s How Much Google Parent Alphabet’s Stock Is Seen Moving After Earnings Wednesday
- Negative Sentiment: Michael Burry’s warning about “hidden debt” in big tech could pressure sentiment around Alphabet’s AI spending, even though Alphabet’s balance sheet is stronger than many peers. Big Short’ Michael Burry sounds alarm on big tech’s $1.6 trillion hidden debt
- Negative Sentiment: Several securities-fraud investigations were announced by law firms, creating a small overhang on sentiment despite no new company-specific findings in the articles provided. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Continues
Analysts Set New Price Targets
A number of analysts recently commented on GOOGL shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $455.00 price target (up from $435.00) on shares of Alphabet in a research note on Friday. Arete Research upped their price objective on shares of Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Citigroup reiterated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Finally, CICC Research increased their price objective on Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $414.54.
Read Our Latest Stock Report on GOOGL
Insider Buying and Selling
In other news, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,415 shares of company stock worth $7,672,279 in the last 90 days. 11.61% of the stock is owned by insiders.
About Representative Newhouse
Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.
Click here to see Newhouse’s key votes in Congress.
Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.
Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.
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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