Google Chairman Sells $2,224,183 in Stock (GOOG)
Google (NASDAQ:GOOG) Chairman Eric E. Schmidt unloaded 2,033 shares of Google stock on the open market in a transaction dated Monday, January 27th. The stock was sold at an average price of $1,094.04, for a total transaction of $2,224,183.32. Following the completion of the transaction, the chairman now directly owns 1,293 shares in the company, valued at approximately $1,414,594. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Google from $1,150.00 to $1,300.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Telsey Advisory Group reiterated a “not rated” rating on shares of Google in a research note to investors on Monday. They now have a $1,250.00 price target on the stock. Finally, 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, January 21st. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,099.98.
Shares of Google (NASDAQ:GOOG) traded down 1.43% during mid-day trading on Wednesday, hitting $1106.92. 2,403,934 shares of the company’s stock traded hands. Google has a 1-year low of $750.25 and a 1-year high of $1167.89. The stock has a 50-day moving average of $1116. and a 200-day moving average of $978.8. The company has a market cap of $369.8 billion and a price-to-earnings ratio of 30.56.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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