Google CEO Lawrence Page Sells 20,833 Shares (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 20,833 shares of the stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $892.20, for a total transaction of $18,587,202.60. Following the sale, the chief executive officer now directly owns 85,000 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google (NASDAQ:GOOG) in a research note to investors on Friday, September 6th. They now have a $970.00 price target on the stock. Separately, analysts at Pivotal Research set a $870.00 price target on shares of Google (NASDAQ:GOOG) in a research note to investors on Thursday, September 5th. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $968.87.
Shares of Google (NASDAQ:GOOG) traded down 0.26% during mid-day trading on Thursday, hitting $893.87. 840,009 shares of the company’s stock traded hands. Google has a 52-week low of $636.00 and a 52-week high of $928.00. The stock’s 50-day moving average is $878.6 and its 200-day moving average is $857.1. The company has a market cap of $297.7 billion and a P/E ratio of 25.93. Google also saw some unusual options trading on Monday. Investors purchased 18,742 call options on the company. This represents an increase of 445% compared to the average daily volume of 3,437 call options.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $9.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $10.78 by $1.22. The company had revenue of $14.11 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter in the prior year, the company posted $10.12 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Google will post $43.57 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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