Insider Selling: Lawrence Page Unloads 20,835 Shares of Google Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 20,835 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $893.06, for a total value of $18,606,905.10. Following the completion of the sale, the chief executive officer now directly owns 85,000 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GOOG has been the subject of a number of recent research reports. 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 given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $968.87.
Google (NASDAQ:GOOG) traded down 0.63% on Friday, hitting $887.43. The stock had a trading volume of 1,026,113 shares. Google has a one year low of $636.00 and a one year high of $928.00. The stock’s 50-day moving average is $878.3 and its 200-day moving average is $857.3. The company has a market cap of $295.5 billion and a price-to-earnings ratio of 25.84.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, July 18th. The company reported $9.56 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $10.12 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Google will post $43.57 earnings per share 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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