Sen. Angus S. King Jr. Buys Alphabet Inc. (NASDAQ:GOOGL) Stock

Senator Angus S. King Jr. (I-Maine) recently bought shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Kirby (NYSE:KEX) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 7/21/2025.

Alphabet Stock Performance

Shares of GOOGL stock traded up $2.8190 during mid-day trading on Monday, reaching $208.9090. The stock had a trading volume of 8,760,931 shares, compared to its average volume of 36,186,645. The firm’s 50 day simple moving average is $186.81 and its 200 day simple moving average is $173.12. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a one year low of $140.53 and a one year high of $209.29. The firm has a market cap of $2.53 trillion, a PE ratio of 22.25, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. The company had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company’s stock, valued at $44,656,704. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the sale, the director directly owned 6,316 shares of the company’s stock, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,719 shares of company stock valued at $47,223,172 in the last three months. 11.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carter Financial Group INC. acquired a new stake in shares of Alphabet in the 2nd quarter valued at $1,438,000. Stance Capital LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at $1,674,000. Cim Investment Management Inc. increased its stake in shares of Alphabet by 99.7% in the 2nd quarter. Cim Investment Management Inc. now owns 62,842 shares of the information services provider’s stock valued at $11,486,000 after buying an additional 31,370 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of Alphabet by 6.7% in the 2nd quarter. Pathway Financial Advisers LLC now owns 7,153 shares of the information services provider’s stock valued at $1,261,000 after buying an additional 450 shares during the period. Finally, Clarion Wealth Managment Partners LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at $545,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Citigroup raised their target price on Alphabet from $203.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JMP Securities raised their target price on Alphabet from $220.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 24th. Sanford C. Bernstein raised their target price on Alphabet from $185.00 to $195.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Susquehanna raised their target price on Alphabet from $220.00 to $225.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Finally, Citizens Jmp upgraded Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 target price for the company in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $211.53.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.

King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

Alphabet Company Profile

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.