Rep. Dan Crenshaw Unloads Shares of Alphabet Inc. (NASDAQ:GOOG)

Representative Dan Crenshaw (Republican-Texas) recently sold shares of Alphabet Inc. (NASDAQ:GOOG). In a filing disclosed on July 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alphabet stock on June 1st.

Representative Dan Crenshaw also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United States 3x Oil Fund (NYSEARCA:USOU) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 6/1/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 6/1/2026.

Alphabet Stock Performance

NASDAQ:GOOG traded down $2.95 during mid-day trading on Tuesday, reaching $348.42. The company’s stock had a trading volume of 3,139,487 shares, compared to its average volume of 21,296,963. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.22 trillion, a P/E ratio of 26.61, a PEG ratio of 1.43 and a beta of 1.23. The firm’s fifty day moving average price is $365.58 and its two-hundred day moving average price is $337.07. Alphabet Inc. has a 12-month low of $188.49 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the firm posted $2.81 EPS. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Institutional Trading of Alphabet

Hedge funds have recently bought and sold shares of the stock. Processus Wealth & Capital Management LLC grew its holdings in shares of Alphabet by 1.0% in the second quarter. Processus Wealth & Capital Management LLC now owns 20,553 shares of the information services provider’s stock valued at $7,262,000 after purchasing an additional 200 shares in the last quarter. Ballast Inc. lifted its holdings in shares of Alphabet by 15.5% in the 2nd quarter. Ballast Inc. now owns 15,191 shares of the information services provider’s stock valued at $5,367,000 after acquiring an additional 2,034 shares during the last quarter. GoalFusion Wealth Management LLC increased its stake in Alphabet by 34.4% during the second quarter. GoalFusion Wealth Management LLC now owns 2,073 shares of the information services provider’s stock worth $733,000 after acquiring an additional 531 shares during the last quarter. Insight Wealth Strategies LLC raised its position in Alphabet by 2.2% during the second quarter. Insight Wealth Strategies LLC now owns 12,674 shares of the information services provider’s stock valued at $4,536,000 after purchasing an additional 273 shares during the period. Finally, Accel Wealth Management lifted its stake in shares of Alphabet by 1.0% in the 2nd quarter. Accel Wealth Management now owns 4,250 shares of the information services provider’s stock valued at $1,502,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In related news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 159,415 shares of company stock worth $7,672,279. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Truist Financial set a $430.00 target price on shares of Alphabet in a research report on Monday, June 1st. Pivotal Research reissued a “buy” rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Finally, Scotiabank reissued an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $383.44.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly building a new AI chip, Frozen v2, to run Gemini more efficiently, which could improve AI economics and strengthen its competitive position. Google plans new chip to run Gemini models more efficiently, the Information reports
• Positive Sentiment: Wells Fargo lifted its price target on Alphabet, signaling continued confidence in the stock ahead of earnings. Wells Fargo Says Building AI Is Getting More Expensive — Here’s Why It Hiked Price Targets For GOOGL, AMZN And META
• Positive Sentiment: Alphabet’s new transatlantic subsea cable adds capacity for cloud and AI traffic, supporting infrastructure growth and reliability. Google connects new transatlantic cable between Portugal and the US
• Positive Sentiment: Investors are positioning for strong Q2 earnings, with analysts expecting continued Search and Google Cloud momentum. Alphabet Is Planning a New AI Chip. Here’s Why It Matters Ahead of Earnings

About Representative Crenshaw

Daniel Crenshaw (Republican Party) is a member of the U.S. House, representing Texas’ 2nd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Crenshaw (Republican Party) is running for re-election to the U.S. House to represent Texas’ 2nd Congressional District. He declared candidacy for the 2026 election.

Crenshaw defeated Todd Litton (D), Patrick Gunnels (L), and Scott Cubbler (Independent) in the general election on November 6, 2018. He advanced to a Republican primary runoff on May 22, 2018, where he defeated Kevin Roberts. The runoff election was called after no candidate won 50 percent of the vote in the Republican primary on March 6, 2018.

A retired lieutenant commander in the U.S. Navy, Crenshaw served in the Navy SEALs for ten years. Prior to running in 2018, Crenshaw had not previously served in elected office. Crenshaw’s candidacy received media attention, including an appearance on Fox and Friends. U.S. Reps. Pete Sessions (R-Texas), whom he previously worked for as a military legislative assistant, and Scott Taylor (R-Virg.) endorsed Crenshaw’s candidacy.

Crenshaw served as a Navy SEAL from 2006 to 2016. He was deployed to Iraq and Afghanistan and lost his right eye in an IED explosion in Afghanistan. He earned a bachelor’s degree in international affairs from Tufts University and an M.P.A. from Harvard.

About Alphabet

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.