Canandaigua National Trust Co of Florida Acquires New Holdings in Alphabet Inc. $GOOG

Posted by Francis Steltz on Oct 7th, 2026

Canandaigua National Trust Co of Florida purchased a new position in Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,458 shares of the information services provider’s stock, valued at approximately $3,904,000. Alphabet comprises approximately 2.2% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 8th biggest holding.

A number of other large investors also recently added to or reduced their stakes in GOOG. Family Legacy Financial Solutions LLC raised its position in shares of Alphabet by 9.9% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,400 shares of the information services provider’s stock worth $818,000 after purchasing an additional 217 shares during the last quarter. Cassilly Financial Group LLC acquired a new stake in Alphabet in the 3rd quarter worth about $294,000. Echo45 Advisors LLC increased its stake in Alphabet by 76.7% during the 3rd quarter. Echo45 Advisors LLC now owns 2,713 shares of the information services provider’s stock worth $924,000 after buying an additional 1,178 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in Alphabet by 3.2% during the 3rd quarter. MFA Wealth Advisors LLC now owns 3,033 shares of the information services provider’s stock worth $1,033,000 after buying an additional 93 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC acquired a new position in shares of Alphabet during the third quarter valued at approximately $379,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 0.8%

Shares of NASDAQ GOOG traded up $2.78 during mid-day trading on Wednesday, reaching $347.37. 11,301,630 shares of the company’s stock were exchanged, compared to its average volume of 20,462,881. The firm has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $236.68 and a 52-week high of $404.47. The company’s 50-day moving average is $342.68 and its 200-day moving average is $346.13.

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 for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter last year, the firm earned $2.31 EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 83 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock worth $8,677,053 in the last three months. 12.99% of the stock is owned by company insiders.

Trending Headlines about Alphabet

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

Analyst Ratings Changes

A number of research analysts have weighed in on GOOG shares. Evercore raised their price objective on Alphabet from $420.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research report on Friday, August 14th. Tigress Financial raised their price target on shares of Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 18th. Raymond James Financial restated a “strong-buy” rating on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DA Davidson dropped their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average target price of $420.07.

Check Out Our Latest Stock Analysis on GOOG

About Alphabet

(Free Report)

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.