First National Bank of Mount Dora Trust Investment Services Has $10.56 Million Stock Position in Alphabet Inc. $GOOG

Key Points

• First National Bank of Mount Dora Trust Investment Services trimmed its Alphabet stake by 7.8% in the first quarter, leaving it with 36,803 shares valued at $10.56 million. Alphabet represented approximately 2.3% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, well above estimates. Analysts remain bullish, assigning the stock a consensus “Buy” rating and an average price target of $410.09.
• AI and cloud growth are supporting Alphabet’s outlook, but rising capital spending is a key risk. The company plans to spend as much as $205 billion on 2026 capital expenditures, which could pressure free cash flow and margins if AI-driven revenue growth does not justify the investment.

First National Bank of Mount Dora Trust Investment Services trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,803 shares of the information services provider's stock after selling 3,128 shares during the period. Alphabet makes up approximately 2.3% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 10th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Alphabet were worth $10,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers National Bank increased its position in shares of Alphabet by 5.0% in the 1st quarter. Farmers National Bank now owns 52,672 shares of the information services provider's stock valued at $15,109,000 after buying an additional 2,492 shares in the last quarter. Evansbrook LLC raised its stake in Alphabet by 2.9% during the 1st quarter. Evansbrook LLC now owns 3,388 shares of the information services provider's stock worth $972,000 after buying an additional 96 shares during the period. NewEdge Advisors LLC lifted its holdings in Alphabet by 7.4% during the first quarter. NewEdge Advisors LLC now owns 715,045 shares of the information services provider's stock worth $205,118,000 after acquiring an additional 49,018 shares in the last quarter. Blue Edge Capital LLC lifted its holdings in Alphabet by 1.0% during the first quarter. Blue Edge Capital LLC now owns 25,367 shares of the information services provider's stock worth $7,277,000 after acquiring an additional 239 shares in the last quarter. Finally, Caerus Investment Advisors LLC grew its stake in Alphabet by 1.2% in the first quarter. Caerus Investment Advisors LLC now owns 43,413 shares of the information services provider's stock valued at $12,453,000 after acquiring an additional 531 shares during the period. Institutional investors own 27.26% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent analyst reports. Roth Capital increased their price target on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Oppenheimer reiterated an "outperform" rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Rosenblatt Securities set a $393.00 price objective on Alphabet in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Finally, Scotiabank reissued an "outperform" rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $410.09.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 82 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the sale, the director owned 18,914 shares in the company, valued at $6,305,738.46. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth are supporting the stock. Investors are responding to evidence that Alphabet’s large AI investments can drive revenue and profits. Google Cloud continues to be a key valuation driver, while the company’s custom AI chips are increasingly viewed as credible alternatives to Nvidia’s products. Alphabet and Amazon custom AI chips
• Positive Sentiment: Strong fundamentals and bullish positioning remain supportive. Alphabet recently reported quarterly revenue of $119.8 billion, up 24.2% year over year, and exceeded consensus EPS expectations. Analysts remain broadly positive, while investors purchased approximately 275,667 call options Friday—about 33% above average daily call volume.
• Positive Sentiment: Enterprise AI partnerships could expand Google Cloud demand. Alphabet’s Gemini models are being integrated into Oracle’s enterprise software, and the company is reportedly backing financing for an Anthropic data center. These developments could generate additional demand for Alphabet’s cloud infrastructure and AI services.
• Neutral Sentiment: Capital spending remains the central investment debate. Alphabet raised its 2026 capital-expenditure outlook to $195 billion–$205 billion. The spending is intended to capture AI demand, but investors are watching whether future revenue growth will justify the scale of the investment.
• Negative Sentiment: AI spending is weighing on cash flow. A sharp increase in infrastructure investment reportedly pushed free cash flow negative in the latest quarter, while rising memory and data-center costs could increase future depreciation and pressure margins. AI buildout costs
• Negative Sentiment: Google withdrew its Earth AI feature after misinformation concerns. The one-day-old feature allowed fabricated AI images inside Google Earth, and its cancellation highlights reputational and product-governance risks. Google Earth AI feature cancellation

Alphabet Price Performance

GOOG stock opened at $356.65 on Monday. The stock has a 50-day moving average price of $355.82 and a two-hundred day moving average price of $337.95. The stock has a market cap of $4.36 trillion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $188.70 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. Equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

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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