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

Canandaigua National Trust Co of Florida boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 37.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,018 shares of the information services provider’s stock after purchasing an additional 3,564 shares during the period. Alphabet makes up about 2.6% of Canandaigua National Trust Co of Florida’s investment portfolio, making the stock its 7th biggest holding. Canandaigua National Trust Co of Florida’s holdings in Alphabet were worth $4,085,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. Wendell David Associates Inc. grew its stake in Alphabet by 2.8% in the fourth quarter. Wendell David Associates Inc. now owns 3,718 shares of the information services provider’s stock valued at $1,167,000 after acquiring an additional 100 shares during the period. Oakwell Private Wealth Management LLC grew its stake in Alphabet by 4.3% in the fourth quarter. Oakwell Private Wealth Management LLC now owns 3,172 shares of the information services provider’s stock valued at $995,000 after acquiring an additional 130 shares during the period. Financial Life Advisors acquired a new stake in Alphabet in the fourth quarter valued at approximately $283,000. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in Alphabet by 7.7% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 154,159 shares of the information services provider’s stock valued at $48,375,000 after acquiring an additional 10,971 shares during the period. Finally, Shaker Investments LLC OH acquired a new stake in Alphabet in the fourth quarter valued at approximately $212,000. 27.26% of the stock is currently owned by institutional investors.

Key Alphabet News

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 Up 0.4%

Shares of NASDAQ:GOOG opened at $397.05 on Friday. The stock has a market cap 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 quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $153.83 and a 12-month high of $398.37. The business’s 50 day moving average is $317.19 and its 200 day moving average is $311.59.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.81 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 158,553 shares of company stock worth $47,951,856 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOG. Wells Fargo & Company raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised their price objective on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. UBS Group reissued a “neutral” rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Finally, Pivotal Research reissued a “buy” rating and issued a $470.00 price objective (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus target price of $362.73.

Alphabet 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.