Canandaigua National Trust Co of Florida Buys 7,027 Shares of Alphabet Inc. $GOOGL

Canandaigua National Trust Co of Florida bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 3rd quarter, Holdings Channel.com reports. The fund bought 7,027 shares of the information services provider’s stock, valued at approximately $2,418,000. Alphabet comprises approximately 1.4% of Canandaigua National Trust Co of Florida’s investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Alphabet by 5.6% in the second 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. raised its position in shares of 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 lifted its stake in Alphabet by 1.6% in the 4th 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 buying an additional 583,078 shares in the last quarter. Amundi lifted its stake in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after buying an additional 1,457,371 shares in the last quarter. Finally, Nuveen LLC lifted its stake in Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after buying an additional 478,848 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Evercore restated an “outperform” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, September 16th. Wedbush reaffirmed an “outperform” rating and set a $445.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating and set a $417.00 price objective (up from $411.00) on shares of Alphabet in a research report on Tuesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $425.72.

Key Headlines Impacting Alphabet

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

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock worth $8,677,053 in the last 90 days. 11.61% of the stock is owned by company insiders.

Alphabet Trading Up 0.8%

Shares of Alphabet stock traded up $2.82 during trading hours on Wednesday, reaching $350.50. 20,838,673 shares of the company’s stock were exchanged, compared to its average volume of 30,808,869. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The firm has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a fifty day moving average of $345.42 and a 200-day moving average of $348.53. 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 (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Sell-side analysts forecast that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet Profile

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.