Canandaigua National Trust Co of Florida Has $4.09 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Canandaigua National Trust Co. of Florida increased its Alphabet stake by 37.7% in the fourth quarter, ending with 13,018 shares valued at about $4.09 million. Alphabet is now its 7th-largest holding and makes up 2.6% of the portfolio.
• Analysts remain broadly constructive on Alphabet, with an average rating of “Buy” and a consensus price target of $362.73. Several firms recently reiterated or raised targets, including Scotiabank increasing its target to $450.
• Alphabet’s latest quarterly results were strong, with EPS of $5.11 versus expectations of $2.68 and revenue up 21.8% year over year. The company also raised its quarterly dividend to $0.22 per share from $0.21.

Canandaigua National Trust Co of Florida boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 37.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,018 shares of the information services provider's stock after purchasing an additional 3,564 shares during the quarter. Alphabet comprises 2.6% of Canandaigua National Trust Co of Florida's holdings, making the stock its 7th biggest position. Canandaigua National Trust Co of Florida's holdings in Alphabet were worth $4,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wendell David Associates Inc. grew its position in shares of Alphabet by 2.8% in the 4th quarter. Wendell David Associates Inc. now owns 3,718 shares of the information services provider's stock valued at $1,167,000 after purchasing an additional 100 shares during the period. Oakwell Private Wealth Management LLC boosted its position in Alphabet by 4.3% during the 4th quarter. Oakwell Private Wealth Management LLC now owns 3,172 shares of the information services provider's stock worth $995,000 after acquiring an additional 130 shares during the last quarter. Financial Life Advisors bought a new stake in shares of Alphabet during the 4th quarter worth approximately $283,000. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Alphabet by 7.7% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 154,159 shares of the information services provider's stock worth $48,375,000 after purchasing an additional 10,971 shares in the last quarter. Finally, Shaker Investments LLC OH bought a new stake in shares of Alphabet during the 4th quarter worth approximately $212,000. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. UBS Group reiterated a "neutral" rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. BMO Capital Markets reissued an "outperform" rating and set a $400.00 target price on shares of Alphabet in a report on Thursday, February 5th. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. Finally, Scotiabank reissued an "outperform" rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus target price of $362.73.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Alphabet Stock Performance

Shares of GOOG stock opened at $397.05 on Friday. The business's 50-day moving average price is $317.19 and its 200-day moving average price is $311.59. Alphabet Inc. has a 12 month low of $153.83 and a 12 month high of $398.37. The firm has a market capitalization of $4.80 trillion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.66 and a beta of 1.25. 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:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $106.96 billion. During the same period last year, the company earned $2.81 earnings per share. The firm's revenue was up 21.8% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th 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%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio is 6.41%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the sale, the chief executive officer directly owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 158,553 shares of company stock valued at $47,951,856 over the last three months. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

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.

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