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

Posted by Francis Steltz on Sep 22nd, 2026

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 Stock Up 1.6%

GOOGL opened at $354.97 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $4.34 trillion, a PE ratio of 17.83, a P/E/G ratio of 1.01 and a beta of 1.22. The stock’s fifty day moving average is $345.25 and its 200-day moving average is $345.54. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, equities analysts predict that Alphabet Inc. will post 20.51 EPS 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 given a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google’s $899 Googlebook is a bet that you’ll buy a new laptop for Gemini
Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Citizens Jmp reissued a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $425.00 price target (up from $405.00) 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 data from MarketBeat, Alphabet has a consensus rating of “Buy” and an average price target of $422.16.

Get Our Latest Analysis on Alphabet

Institutional Trading of Alphabet

Hedge funds have recently made changes to their positions in the stock. Premier Financial Group purchased a new position in Alphabet in the second quarter valued at about $45,000. Security National Bank of Sioux City Iowa IA raised its stake in shares of Alphabet by 27.8% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 27,451 shares of the information services provider’s stock worth $9,810,000 after purchasing an additional 5,965 shares in the last quarter. Wellington Altus USA Inc. lifted its holdings in shares of Alphabet by 57.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 5,145 shares of the information services provider’s stock valued at $1,839,000 after buying an additional 1,867 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its stake in shares of Alphabet by 0.8% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 241,937 shares of the information services provider’s stock valued at $86,461,000 after buying an additional 2,011 shares in the last quarter. Finally, Revere Asset Management Inc increased its holdings in Alphabet by 102.3% in the second quarter. Revere Asset Management Inc now owns 1,481 shares of the information services provider’s stock worth $529,000 after buying an additional 749 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold 450,875 shares of company stock worth $11,984,482 over the last ninety days. 11.61% of the stock is currently owned by insiders.

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

(Get Free Report)

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.