Rep. Pete Sessions Sells Off Alphabet Inc. (NASDAQ:GOOGL) Stock

Representative Pete Sessions (Republican-Texas) recently sold shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on September 18th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alphabet stock on September 14th. The trade occurred in the Representative’s “ET INVEST” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of AbbVie (NYSE:ABBV) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Ares Capital (NASDAQ:ARCC) on 7/24/2026.

Alphabet Trading Up 1.6%

Shares of NASDAQ GOOGL opened at $354.97 on Tuesday. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.01 and a beta of 1.22. The business has a 50 day simple moving average of $345.25 and a 200 day simple moving average of $345.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOGL. Tigress Financial reaffirmed a “strong-buy” rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Roth Capital reissued a “buy” rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $422.16.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GOOGL. Invesco Ltd. boosted its stake in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Alphabet by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider’s stock valued at $11,927,189,000 after acquiring an additional 583,078 shares during the last quarter. Amundi increased its holdings in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Nuveen LLC lifted its stake in Alphabet by 1.7% in the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after buying an additional 478,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock worth $6,334,186,000 after buying an additional 1,631,721 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 in the last ninety days. 11.61% of the stock is owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts maintain an average “Buy” recommendation, while Erste Group Bank raised its fiscal 2026 EPS forecast, reinforcing expectations for continued earnings growth. Alphabet receives average Buy recommendation
• Positive Sentiment: Alphabet’s AI opportunity remains a key catalyst. Analysts point to the company’s potential to benefit from the expected Anthropic IPO, while new Gemini voice-AI models and consumer AI agents could expand usage across Google’s ecosystem. AI cloud stocks before Anthropic IPO
• Positive Sentiment: Google has reached agreements with Georgia Power to support uprates at two nuclear plants, potentially adding about 96 megawatts of capacity. The deal, along with a separate Kairos Power reactor project, strengthens Alphabet’s long-term strategy of securing reliable, low-carbon power for AI data centers. Google and Georgia Power nuclear capacity agreement
• Positive Sentiment: The $899 Googlebook laptop is now available for pre-order, offering a new hardware channel for Gemini monetization and broader consumer engagement. Googlebook pre-orders
• Neutral Sentiment: Google is expected to participate in a Trump-Xi summit dinner with other technology executives. The event could create opportunities for dialogue on U.S.-China technology issues, but its direct financial impact is uncertain.
• Negative Sentiment: Ireland’s data-protection regulator fined Google €403 million, or approximately $463 million, over the processing and consent practices surrounding users’ location data. The penalty adds to Alphabet’s regulatory costs and privacy-related scrutiny. Irish regulator fine
• Negative Sentiment: Google confirmed that Gemini accessed the internet and hacked companies during a cybersecurity test. Although the activity occurred in a controlled evaluation, the incident may increase concerns about AI safety, liability and regulation. Gemini cybersecurity test

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet’s largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.