Google Director L John Doerr Sells 7,872 Shares (GOOGL)
Google (NASDAQ:GOOGL) Director L John Doerr sold 7,872 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $529.31, for a total value of $4,166,728.32. Following the completion of the sale, the director now directly owns 46 shares in the company, valued at approximately $24,348. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on GOOGL. Analysts at Jefferies Group reiterated a “buy” rating on shares of Google in a research note on Tuesday. They now have a $700.00 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Google from $1,325.00 to $725.00 in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Google has a consensus rating of “Buy” and a consensus target price of $1,051.88.
Shares of Google (NASDAQ:GOOGL) traded up 2.77% during mid-day trading on Wednesday, hitting $563.90. The stock had a trading volume of 4,588,541 shares. Google has a 1-year low of $381.011 and a 1-year high of $615.055. The stock has a 50-day moving average of $581.0 and a 200-day moving average of $545.7. The company has a market cap of $379.0 billion and a P/E ratio of 28.86.
Google (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 16th. The company reported $6.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $12.73 by $6.46. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.51 billion. During the same quarter in the prior year, the company posted $11.58 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Google will post $27.13 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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