Google SVP Nikesh Arora Sells 1,179 Shares (GOOG)
Google (NASDAQ:GOOG) SVP Nikesh Arora unloaded 1,179 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 $896.20, for a total value of $1,056,619.80. Following the completion of the transaction, the senior vice president now directly owns 10,984 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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 1-year low of $636.00 and a 1-year high of $928.00. The stock has a 50-day moving average of $878.4 and a 200-day moving average of $859.6. The company has a market cap of $295.6 billion and a P/E ratio of 25.72. Google also was the target of unusually large options trading on Friday. Traders purchased 24,161 call options on the stock. This represents an increase of 580% compared to the typical 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 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. 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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