Google Director L John Doerr Sells 4,687 Shares (GOOG)
Google (NASDAQ:GOOG) Director L John Doerr sold 4,687 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $889.05, for a total transaction of $4,166,977.35. Following the completion of the transaction, the director now directly owns 2,224 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GOOG shares. 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 research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Google has a consensus rating of “Buy” and a consensus target price of $968.87.
Shares of Google (NASDAQ:GOOG) traded down 0.15% during mid-day trading on Monday, hitting $887.76. The stock had a trading volume of 1,341,311 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 $878.4 and its 200-day moving average is $859.6. The company has a market cap of $295.6 billion and a P/E ratio of 25.72. Google also was the recipient of some unusual options trading on Friday. Stock traders acquired 24,161 call options on the company. This is an increase of 580% compared to the average daily volume of 3,552 call options.
Google (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 18th. The company reported $9.56 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $10.12 earnings per share. Google’s revenue was up 18.6% compared to the same quarter last year. 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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