Insider Selling: Google SVP Sells 6,014 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) SVP David C. Drummond sold 6,014 shares of Google stock on the open market in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $1,158.36, for a total value of $6,966,377.04. Following the completion of the transaction, the senior vice president now directly owns 1,072 shares of the company’s stock, valued at approximately $1,241,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note to investors on Tuesday. They now have a $1,192.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Google from $1,210.00 to $1,350.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Google from $1,200.00 to $1,300.00 in a research note to investors on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Google presently has a consensus rating of “Buy” and a consensus price target of $1,190.03.
Shares of Google (NASDAQ:GOOG) traded up 0.42% on Tuesday, hitting $1138.16. 2,815,737 shares of the company’s stock traded hands. Google has a 1-year low of $758.50 and a 1-year high of $1186.54. The stock has a 50-day moving average of $1126. and a 200-day moving average of $987.0. The company has a market cap of $381.1 billion and a price-to-earnings ratio of 29.72.
Google (NASDAQ:GOOG) last released its earnings data on Friday, January 31st. The company reported $12.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $12.21 by $0.20. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $13.41 billion. Analysts expect that Google will post $52.03 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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