Rep. Cleo Fields Purchases Shares of Alphabet Inc. (NASDAQ:GOOG)

Posted by Max Byerly on Jun 30th, 2026

Representative Cleo Fields (Democratic-Louisiana) recently bought shares of Alphabet Inc. (NASDAQ:GOOG). In a filing disclosed on June 26th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alphabet stock on June 15th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 6/11/2026.
Purchased $1,001 – $15,000 in shares of Quantinuum (NASDAQ:QNT) on 6/4/2026.
Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 5/14/2026.
Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 4/9/2026.

Alphabet Stock Performance

GOOG opened at $351.28 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $366.70 and its two-hundred day moving average price is $332.30. The firm has a market capitalization of $4.26 trillion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Alphabet Inc. has a 12-month low of $173.88 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the prior year, the business earned $2.81 earnings per share. Alphabet’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet officially debuted in the Dow, replacing Verizon, which is driving index-fund demand and signaling stronger institutional recognition for the stock. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
Positive Sentiment: Multiple reports say Alphabet shares are getting a lift from the Dow addition and renewed enthusiasm for large-cap tech and AI exposure. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
Positive Sentiment: Analysts and market commentators view the recent pullback in big tech as a potential buying opportunity, especially given Alphabet’s strong cloud and AI momentum. 24/7 Wall St.: Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
Neutral Sentiment: News flow also points to strong AI demand at Google, including compute constraints and limited Gemini capacity, which supports long-term growth but may raise near-term execution concerns. Yahoo Finance: Google Limits Meta’s AI Access
Neutral Sentiment: Separately, Waymo’s robotaxi pilot with Uber ended in Phoenix, but the vehicles will remain active for autonomous deliveries with DoorDash, limiting the immediate stock impact. CNBC: Waymo and Uber end robotaxi pilot in Phoenix
Negative Sentiment: Some articles continue to highlight concerns about Alphabet’s aggressive AI spending, talent losses, and recent underperformance versus peers, which could cap upside if investors focus on margins. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after buying an additional 8,128,234 shares in the last quarter. State Street Corp boosted its position in shares of Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after acquiring an additional 953,790 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP increased its stake in Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after acquiring an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after acquiring an additional 1,073,151 shares during the period. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GOOG. Wells Fargo & Company reiterated an “overweight” rating and set a $435.00 target price on shares of Alphabet in a research note on Tuesday, June 2nd. Pivotal Research restated a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Raymond James Financial restated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $376.78.

Get Our Latest Analysis on GOOG

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 151,972 shares of company stock valued at $5,016,958. Corporate insiders own 12.99% of the company’s stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

Alphabet Company Profile

(Get Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.