Rep. Pete Sessions Sells Off Shares of Alphabet Inc. (NASDAQ:GOOG)

Representative Pete Sessions (Republican-Texas) recently sold shares of Alphabet Inc. (NASDAQ:GOOG). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $100,001 and $250,000 in Alphabet stock on October 2nd. The trade occurred in the Representative’s “TRUST ONE” account.

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

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Alphabet Trading Up 1.6%

Shares of NASDAQ GOOG opened at $321.89 on Thursday. Alphabet Inc. has a 12 month low of $268.43 and a 12 month high of $404.47. The company has a market cap of $3.94 trillion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $338.12 and a 200-day simple moving average of $338.76.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 EPS. Sell-side analysts predict that Alphabet Inc. will post 20.60 EPS for the current year.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Arete Research increased their price target on shares of Alphabet from $425.00 to $450.00 in a research note on Monday, July 6th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Monday, August 3rd. Truist Financial cut their price target on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, DA Davidson reduced their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $421.85.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated sharply. Cloud revenue more than doubled to approximately $30.7 billion, reflecting strong enterprise demand and supporting the view that Alphabet’s AI investments are generating substantial revenue. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI products and infrastructure offer longer-term upside. Alphabet launched its Gemini 4 Carbon model, expanded AI Search advertising internationally and reportedly attracted interest from OpenAI in its internally developed TPU chips. One analyst described the post-earnings pullback as a potential buying opportunity. Google’s post-earnings stock pullback could be a buying opportunity
• Neutral Sentiment: Revenue remained solid but the mix was concerning. Total revenue rose 25% to about $127.6 billion, close to expectations, while YouTube advertising increased 9%. However, investors are increasingly focused on whether AI-driven businesses can offset slowing growth in Google’s core Search advertising franchise. Google Shares Fall as Ad Revenue Misses Estimates
• Negative Sentiment: Profitability and cash flow disappointed. Third-quarter EPS of $2.12 missed consensus estimates near $3.00 and fell from $2.87 a year earlier, partly due to an approximately $8.7 billion investment loss. Capital expenditures reached roughly $51.4 billion, while free cash flow turned negative as Alphabet expanded data-center capacity and hired AI talent. The heavy spending raised concerns that AI returns may take longer to materialize. Alphabet’s heavy cloud spending drives bigger-than-expected cash burn
• Negative Sentiment: Regulatory and legal risks remain secondary overhangs. South Korean authorities fined Google over alleged app-market practices, while multiple law firms publicized securities litigation tied to alleged disclosures about Gemini development. These issues were less important than earnings but could add longer-term uncertainty. South Korea fines Google and Apple over unfair app market practices

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments boosted its holdings in Alphabet by 13.2% in the third quarter. Summit Global Investments now owns 22,920 shares of the information services provider’s stock valued at $7,810,000 after acquiring an additional 2,674 shares during the last quarter. Marin Bay Wealth Advisors LLC raised its holdings in Alphabet by 5.0% during the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 6,351 shares of the information services provider’s stock worth $2,164,000 after purchasing an additional 304 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in Alphabet by 6.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 31,494 shares of the information services provider’s stock worth $10,731,000 after purchasing an additional 1,851 shares during the last quarter. State of Wyoming lifted its position in shares of Alphabet by 1.8% in the 3rd quarter. State of Wyoming now owns 18,763 shares of the information services provider’s stock worth $6,393,000 after purchasing an additional 338 shares during the period. Finally, Petros Family Wealth LLC lifted its position in shares of Alphabet by 8.6% in the 3rd quarter. Petros Family Wealth LLC now owns 7,435 shares of the information services provider’s stock worth $2,533,000 after purchasing an additional 586 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

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 holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.