7,027 Shares in Alphabet Inc. $GOOGL Purchased by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co. of Florida bought 7,027 Alphabet shares worth approximately $2.4 million, making Alphabet its 17th-largest holding and about 1.4% of its portfolio.
• Alphabet continues to attract institutional support, with major investors including State Street, Amundi and Nuveen increasing their positions; institutions collectively own about 40% of the stock.
• Analysts remain broadly positive, with a consensus “Buy” rating and a $425.72 price target, while Alphabet’s AI investments, strong margins and Google Cloud growth support the outlook despite legal, infrastructure and execution risks.

Canandaigua National Trust Co of Florida acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,027 shares of the information services provider's stock, valued at approximately $2,418,000. Alphabet accounts for approximately 1.4% of Canandaigua National Trust Co of Florida's portfolio, making the stock its 17th biggest holding.

A number of other hedge funds have also modified their holdings of the business. State Street Corp raised its position in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. grew its position in Alphabet by 0.5% during the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares during the last quarter. Fisher Asset Management LLC increased its stake in Alphabet by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock valued at $11,927,189,000 after purchasing an additional 583,078 shares during the period. Amundi increased its stake in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the period. Finally, Nuveen LLC increased its stake in Alphabet by 1.7% in the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock valued at $9,129,210,000 after purchasing an additional 478,848 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI gaming partnership expands Google’s ecosystem. Alphabet and Unity Software launched plans for an AI-powered platform that allows users to create playable games from natural-language prompts. The initiative could increase Google Play engagement, generate cloud and AI-model demand, and position Alphabet to benefit from the emerging creator economy. Google and Unity Team to Let Users Build Their Own Games
• Positive Sentiment: Long-term nuclear agreement reinforces AI infrastructure plans. Google signed power arrangements with Constellation Energy covering roughly 3,590 megawatts, including 890 megawatts of additional nuclear capacity and 2,700 megawatts from existing plants. Securing dependable electricity supports Alphabet’s data-center expansion and signals confidence in sustained AI demand, although financial terms were not disclosed. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Analysts see potential upside. Coverage highlights Alphabet’s approximately 55% net margin, accelerating Google Cloud growth, resilient Search advertising and a valuation near 17 times earnings. The stock is consolidating near a potential technical breakout, while analyst targets remain above recent trading levels. Alphabet’s Chart Is Coiling
• Neutral Sentiment: AI infrastructure demand remains a major opportunity but carries execution risk. Alphabet’s spending on power, data centers and custom-chip capacity could support long-term growth, while dependence on suppliers and large capital expenditures may pressure returns if AI demand or customer spending slows.
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit alleges Alphabet misrepresented progress on its Gemini 3.5 Pro AI model before a significant stock decline. Repeated investor alerts may weigh on sentiment, although the ultimate financial exposure remains uncertain. Alphabet Securities Class Action Deadline
• Negative Sentiment: Finland data-center construction was ordered to stop pending environmental reviews. The delay could increase development timelines and costs, though its near-term effect on Alphabet’s overall results appears limited. Google Finland Data Center Halt

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GOOGL shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. DZ Bank raised Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $410.00 price objective on shares of Alphabet in a research report on Thursday, September 3rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $425.72.

Alphabet Price Performance

Shares of GOOGL traded up $2.82 during mid-day trading on Wednesday, hitting $350.50. The company's stock had a trading volume of 20,838,673 shares, compared to its average volume of 30,808,869. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $345.42 and a 200 day simple moving average of $348.53. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 17.60, a P/E/G ratio of 1.00 and a beta of 1.21. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Analysts predict that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is presently 4.42%.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was 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. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 in the last ninety days. 11.61% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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