Rep. Michael A. Rulli Purchases Alphabet Inc. (NASDAQ:GOOGL) Stock

Representative Michael A. Rulli (Republican-Ohio) recently bought shares of Alphabet Inc. (NASDAQ:GOOGL). In a filing disclosed on August 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on June 29th. The trade occurred in the Representative’s “MERRILL LYNCH MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 7/1/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/25/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/25/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/25/2026.

Alphabet Stock Performance

GOOGL stock traded down $5.18 during midday trading on Tuesday, hitting $352.34. The company’s stock had a trading volume of 5,664,400 shares, compared to its average volume of 32,265,715. The stock has a market cap of $4.31 trillion, a price-to-earnings ratio of 17.70, a PEG ratio of 0.99 and a beta of 1.24. 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 stock’s 50-day moving average price is $355.30 and its 200 day moving average price is $340.74. Alphabet Inc. has a 1 year low of $196.60 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for 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, equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 600,547 shares of company stock worth $16,255,540. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent research reports. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Thursday, April 30th. UBS Group dropped their price objective on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Finally, Roth Capital reiterated a “buy” rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $419.86.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s planned 2026 capital spending of approximately $205 billion underscores management’s confidence in demand for AI computing capacity. The spending could support Google Cloud, search AI and related services, although it also raises execution and return-on-investment concerns. Alphabet’s Higher AI Spending Could Boost These ETFs
• Positive Sentiment: Google Cloud remains a major growth catalyst, with reported revenue growth of 82% and a contracted backlog of roughly $514 billion. Investors view the backlog and AI-related demand as potential justification for Alphabet’s aggressive infrastructure investment. Alphabet’s Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Google Play is adding Venmo as a payment option for apps, games and digital content, potentially improving checkout convenience and supporting ecosystem engagement. Google Play adds Venmo as a payment option
• Neutral Sentiment: Alphabet is among the technology companies benefiting from the broader AI investment boom. Nvidia’s effort to arrange more than $500 billion in third-party financing for AI infrastructure reinforces demand for data centers, but it also highlights the industry’s enormous capital requirements. Tech Weekly: Nvidia raises cash, robot dogs keep homes safe
• Negative Sentiment: French media organizations have asked regulators to intervene over Google’s AI-generated article summaries, arguing that the feature diverts traffic and threatens publisher revenue. Regulatory action could increase costs or constrain Alphabet’s AI search strategy. French media asks French anti-trust watchdog to act on Google’s AI
• Negative Sentiment: A U.S. appeals court ruling allows thousands of lawsuits alleging that social-media platforms, including Google, designed addictive products for young users to proceed. The litigation creates potential legal costs, liability and reputational risks for Alphabet. Social media platforms still facing thousands of user addiction lawsuits
• Negative Sentiment: Reports that Google AI Overviews have displayed allegedly inaccurate or damaging descriptions of small businesses raise concerns about search quality, trust and possible reputational or legal exposure.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 12,531,695 shares during the last quarter. State Street Corp lifted its position in Alphabet by 1.8% during the second 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 during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 2,666,676 shares in the last quarter. Norges Bank purchased a new position in Alphabet in the 4th quarter worth approximately $30,534,239,000. Finally, Bank of America Corp DE increased its holdings in shares of Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after buying an additional 3,218,852 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

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.