Alphabet Inc. $GOOGL Shares Purchased by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co of Florida increased its Alphabet stake by 39.1% in the fourth quarter, buying 2,210 more shares and bringing its total to 7,861 shares valued at about $2.46 million.
• Alphabet reported strong quarterly results, with earnings per share of $5.11 versus analyst estimates of $2.64 and revenue of $109.9 billion, both topping expectations.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly upbeat with a consensus rating of “Moderate Buy” and an average price target of $411.23.

Canandaigua National Trust Co of Florida lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,861 shares of the information services provider's stock after acquiring an additional 2,210 shares during the period. Alphabet accounts for approximately 1.5% of Canandaigua National Trust Co of Florida's investment portfolio, making the stock its 15th biggest holding. Canandaigua National Trust Co of Florida's holdings in Alphabet were worth $2,460,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet in the 3rd quarter valued at $53,000. Kentucky Trust Co grew its position in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new stake in Alphabet during the 3rd quarter worth about $53,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet during the 3rd quarter worth about $63,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.0%

Shares of Alphabet stock opened at $396.94 on Tuesday. The firm has a market capitalization of $4.81 trillion, a PE ratio of 30.28, a P/E/G ratio of 1.70 and a beta of 1.26. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The firm's 50-day moving average price is $331.22 and its 200 day moving average price is $318.52. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is 6.41%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Blackstone reportedly plan to launch a new AI cloud company, a move that could expand demand for Alphabet’s specialized chips and deepen its presence in enterprise AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Alphabet is heading into Google I/O with expectations for major AI announcements, and analysts are watching for updates on Gemini, agentic commerce, and in-house TPU chips that could strengthen its competitive position. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and kept a buy rating, signaling continued upside confidence from analysts. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Multiple articles highlighted Alphabet’s strong momentum this year, with AI demand, cloud growth, and Berkshire Hathaway’s much larger stake helping validate the bullish case. Read More.
• Neutral Sentiment: Alphabet disclosed insider-share sales by a major shareholder, but the transactions appear routine and were reported through standard SEC filings. SEC filing
• Negative Sentiment: Alphabet also faces ongoing headline risk from its YouTube youth-safety settlement and broader scrutiny around AI and platform responsibility, though these issues look secondary to the company’s current AI-driven optimism. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm'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 transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 257,931 shares of company stock worth $36,886,538 in the last three months. 11.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on GOOGL. Argus increased their price target on Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a research report on Tuesday, April 28th. Wedbush increased their price target on Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Wolfe Research cut their price target on Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $411.23.

Alphabet Profile

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.

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