Google CEO Unloads $38,390,131 in Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 33,332 shares of Google stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1,151.75, for a total transaction of $38,390,131.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Google (NASDAQ:GOOG) traded down 0.49% on Friday, hitting $1150.53. The stock had a trading volume of 2,766,140 shares. Google has a 52-week low of $695.52 and a 52-week high of $1160.63. The stock has a 50-day moving average of $1101. and a 200-day moving average of $967.4. The company has a market cap of $384.4 billion and a price-to-earnings ratio of 31.47.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “positive” rating on shares of Google in a research note to investors on Thursday. Separately, 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. Finally, analysts at Morgan Stanley reiterated an “overweight” 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 given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,077.98.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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