Canandaigua National Trust Co of Florida Makes New Investment in Alphabet Inc. $GOOG

Key Points

• Canandaigua National Trust Co. of Florida acquired 11,458 Alphabet shares worth approximately $3.9 million, making GOOG its eighth-largest holding and 2.2% of its portfolio. Institutional investors collectively own 27.26% of Alphabet.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $420.07, despite several recent target reductions. Alphabet also reported quarterly revenue growth of 24.2% and earnings that exceeded estimates.
• Alphabet’s AI expansion is supported by major power and technology initiatives, but the company faces risks including a securities lawsuit and a construction halt affecting two Finland data centers. GOOG recently traded at $347.37, up 0.8%.

Canandaigua National Trust Co of Florida acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,458 shares of the information services provider's stock, valued at approximately $3,904,000. Alphabet comprises 2.2% of Canandaigua National Trust Co of Florida's investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Denali Advisors LLC increased its position in Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock valued at $37,449,000 after acquiring an additional 13,700 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after acquiring an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC boosted its stake in shares of Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after purchasing an additional 16,647 shares during the period. Montchanin Asset Management LLC purchased a new position in shares of Alphabet during the 1st quarter worth about $7,075,000. Finally, Sax Wealth Advisors LLC grew its holdings in Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after purchasing an additional 3,575 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed a "buy" rating and set a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. China Renaissance reduced their price target on Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a report on Friday, July 24th. DA Davidson decreased their price target on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Finally, Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating and dropped their price objective for the company from $450.00 to $425.00 in a report on Monday, July 27th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average price target of $420.07.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 441,399 shares of company stock valued at $8,677,053. Insiders own 12.99% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Long-term nuclear power deals support AI expansion. Google agreed to purchase power from Constellation Energy under long-term arrangements covering up to 3,590 megawatts, including 890 megawatts of upgraded nuclear capacity. The agreements help secure reliable electricity for data centers and signal that Alphabet is proactively addressing AI-related power constraints. Google and Constellation nuclear agreement
• Positive Sentiment: Google and Unity are entering AI-powered game creation. Their planned platform will allow users to create playable games through natural-language prompts, combining Google’s AI and distribution reach with Unity’s game engine. The initiative could broaden Alphabet’s consumer ecosystem and create new engagement opportunities through Google Play Games, while also positioning the company against platforms such as Roblox. Google and Unity gaming partnership
• Positive Sentiment: Additional AI initiatives reinforce Alphabet’s growth narrative. Google is participating in a $1.8 billion government-backed AI biology project and launched SynthID tools to identify AI-generated media. These efforts could strengthen its position in enterprise, scientific and responsible-AI applications, although they are longer-term catalysts rather than immediate revenue drivers. AI biology project
• Neutral Sentiment: Analyst and investor commentary remains supportive. Recent commentary highlights Alphabet’s strong margins, resilient Search advertising, rapidly growing Cloud business and valuation below many large technology peers. Price-target commentary remains well above recent trading levels, but these are opinions rather than new company guidance. Alphabet price target commentary
• Negative Sentiment: Investor securities lawsuits are a headline overhang. Multiple law firms are promoting a class action alleging Alphabet misrepresented progress on its Gemini 3.5 Pro AI model before a sharp stock decline. The December 1, 2026 lead-plaintiff deadline does not establish liability, but the claims could increase legal costs, regulatory scrutiny and reputational risk. Alphabet securities lawsuit
• Negative Sentiment: Finland ordered a halt to work at two data centers. Construction must pause until environmental-impact assessments are completed. The delay threatens to slow part of Alphabet’s roughly $15 billion Finland AI buildout, although the broader nuclear-power agreement illustrates the company’s continued commitment to expanding data-center capacity. Finland data-center construction halt

Alphabet Stock Up 0.8%

GOOG stock traded up $2.78 during trading on Wednesday, hitting $347.37. 11,301,630 shares of the company's stock traded hands, compared to its average volume of 20,462,881. The firm has a market capitalization of $4.25 trillion, a P/E ratio of 17.45, a PEG ratio of 1.00 and a beta of 1.19. The business has a fifty day simple moving average of $342.68 and a two-hundred day simple moving average of $346.13. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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