Insider Selling: Google CEO Sells 16,666 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 16,666 shares of Google stock on the open market in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $1,141.76, for a total transaction of $19,028,572.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at Nomura initiated coverage on shares of Google in a research note to investors on Wednesday. They set a “buy” rating and a $1,300.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Google in a research note to investors on Tuesday. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note to investors on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,076.81.
Google (NASDAQ:GOOG) traded down 0.07% on Wednesday, hitting $1148.62. 1,951,012 shares of the company’s stock traded hands. Google has a 52-week low of $695.52 and a 52-week high of $1155.00. The stock has a 50-day moving average of $1096. and a 200-day moving average of $964.2. The company has a market cap of $383.7 billion and a price-to-earnings ratio of 31.28.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.