Scissortail Wealth Management LLC Has $975,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Scissortail Wealth Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 28,505.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,149 shares of the information services provider's stock after buying an additional 5,131 shares during the period. Scissortail Wealth Management LLC's holdings in Alphabet were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in shares of Alphabet by 0.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider's stock worth $4,455,000 after acquiring an additional 207 shares in the last quarter. Wealth Group Ltd. increased its stake in Alphabet by 5.2% in the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after acquiring an additional 78 shares during the last quarter. R.H. Investment Group LLC bought a new position in Alphabet in the fourth quarter valued at approximately $1,475,000. Finally, Oak Thistle LLC raised its position in Alphabet by 36.6% during the fourth quarter. Oak Thistle LLC now owns 3,356 shares of the information services provider's stock valued at $635,000 after purchasing an additional 900 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This represents a 9.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00. Following the transaction, the chief executive officer now owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 179,324 shares of company stock valued at $30,153,353 over the last three months. Corporate insiders own 11.64% of the company's stock.

Alphabet Trading Up 1.4%

NASDAQ GOOGL opened at $166.19 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The business has a 50 day moving average price of $158.21 and a 200-day moving average price of $175.00. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter last year, the firm posted $1.89 EPS. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Alphabet from $167.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Thursday, May 8th. Piper Sandler boosted their target price on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $199.75.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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