Canandaigua National Bank & Trust Co. Buys New Holdings in Alphabet Inc. $GOOG

Canandaigua National Bank & Trust Co. purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the second quarter, Holdings Channel reports. The fund purchased 43,711 shares of the information services provider’s stock, valued at approximately $15,444,000. Alphabet comprises about 1.3% of Canandaigua National Bank & Trust Co.’s holdings, making the stock its 15th largest holding.

A number of other large investors also recently modified their holdings of the company. Sandy Cove Advisors LLC raised its holdings in shares of Alphabet by 1.0% in the 2nd quarter. Sandy Cove Advisors LLC now owns 12,989 shares of the information services provider’s stock valued at $4,589,000 after purchasing an additional 131 shares in the last quarter. Epiq Partners LLC purchased a new position in Alphabet in the second quarter valued at $212,000. Arlington Trust Co LLC raised its stake in Alphabet by 2.7% in the second quarter. Arlington Trust Co LLC now owns 5,595 shares of the information services provider’s stock valued at $1,977,000 after buying an additional 146 shares in the last quarter. Financial Enhancement Group LLC lifted its holdings in Alphabet by 3.4% during the 2nd quarter. Financial Enhancement Group LLC now owns 1,368 shares of the information services provider’s stock worth $483,000 after buying an additional 45 shares during the last quarter. Finally, Flower City Capital boosted its position in shares of Alphabet by 4.1% during the 2nd quarter. Flower City Capital now owns 1,506 shares of the information services provider’s stock worth $532,000 after acquiring an additional 59 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold a total of 600,547 shares of company stock valued at $16,255,540 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOG shares. Oppenheimer reissued an “outperform” rating and set a $400.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Rosenblatt Securities set a $393.00 target price on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp set a $445.00 price target on shares of Alphabet in a research note on Friday, July 10th. Finally, DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. 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. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $410.09.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $375.35 on Wednesday. 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 twelve month low of $194.47 and a twelve month high of $404.47. The stock has a 50 day moving average of $355.49 and a two-hundred day moving average of $338.48. The stock has a market cap of $4.59 trillion, a P/E ratio of 18.85, a P/E/G ratio of 1.05 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period last year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is currently 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and cloud momentum remain the primary catalyst. Alphabet reported quarterly revenue of $119.8 billion, up 24% year over year, while Google Cloud revenue reportedly surged 82% to $24.8 billion. Its $514 billion cloud backlog and broad Gemini Enterprise adoption support the view that AI spending is beginning to generate commercial returns. Alphabet: The $514 Billion Backlog Doesn’t Lie
• Positive Sentiment: Alphabet is gaining exposure to several AI growth markets. MediaTek is targeting 15%–20% of the estimated $80 billion custom AI-chip market in 2027, potentially creating an opportunity for Alphabet’s cloud infrastructure. Separately, SpaceX said new computing deals with Google and Anthropic contributed to sharply higher revenue, highlighting demand for Google’s AI-related capacity. MediaTek Wants 20% of Custom AI Chips
• Positive Sentiment: Waymo is providing another long-term growth narrative. Alphabet’s self-driving subsidiary opened its Dallas robotaxi service to the public, while a separate analysis found Waymo vehicles crash substantially less often than human-driven vehicles. Wider availability and safety data could improve investor confidence in Waymo’s commercialization prospects. Waymo Opens Robotaxi Service in Dallas
• Neutral Sentiment: White House discussions may shape Alphabet’s AI regulatory environment. Google, OpenAI, Anthropic and Meta representatives met with Trump administration advisers regarding voluntary safety testing and a proposed AI oversight framework. The outcome could affect development costs, product launches and competitive dynamics, but no immediate policy change was announced. AI Companies Meet With White House
• Negative Sentiment: Investors remain concerned about the scale and payoff of AI investment. Alphabet is among several technology companies facing approximately $1.09 trillion in future data-center lease commitments, while a Google executive warned that heavy AI spending could create a temporary revenue gap. Comparable AI models from DeepSeek are also reportedly matching Gemini performance at far lower testing costs, raising pricing and margin concerns. AI Data-Center Lease Burden
• Negative Sentiment: Legal and governance headlines add pressure. Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but securities investigations can increase headline risk and investor uncertainty. Pomerantz Investor Alert

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.