Insider Selling: Google Major Shareholder Sells 83,334 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) major shareholder Sergey Brin sold 83,334 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $1,133.96, for a total transaction of $94,497,422.64. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Google from $1,100.00 to $1,305.00 in a research note to investors on Tuesday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Google in a research note to investors on Monday. They now have a $1,172.00 price target on the stock, up previously from $1,075.00. Finally, analysts at UBS AG set a $1,300.00 price target on shares of Google in a research note to investors on Monday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Google currently has an average rating of “Buy” and a consensus target price of $1,084.15.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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