Google CEO Unloads $19,237,013 in Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 16,670 shares of Google stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $1,153.99, for a total value of $19,237,013.30. The sale was disclosed in a document filed with the SEC, which is available at this link.
GOOG has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of Google from $1,135.00 to $1,450.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated a “positive” rating on shares of Google in a research note to investors on Thursday, January 16th. Finally, analysts at Nomura initiated coverage on shares of Google in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $1,300.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued 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 a consensus target price of $1,089.73.
Shares of Google (NASDAQ:GOOG) traded up 0.44% on Tuesday, hitting $1155.58. 924,052 shares of the company’s stock traded hands. Google has a 52-week low of $695.52 and a 52-week high of $1160.63. The stock’s 50-day moving average is $1101. and its 200-day moving average is $967.4. The company has a market cap of $386.1 billion and a price-to-earnings ratio of 31.31.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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