Google CEO Lawrence Page Sells 66,664 Shares (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 66,664 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $564.83, for a total value of $37,653,827.12. Following the completion of the sale, the chief executive officer now directly owns 23,386,914 shares in the company, valued at approximately $13,209,630,635. 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 Nomura cut their price target on shares of Google from $700.00 to $675.00 in a research note on Wednesday, May 14th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.
Google (NASDAQ:GOOG) traded down 0.31% during mid-day trading on Wednesday, hitting $558.84. 1,097,380 shares of the company’s stock traded hands. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock’s 50-day moving average is $536.8 and its 200-day moving average is $540.8. The company has a market cap of $376.9 billion and a price-to-earnings ratio of 29.37.
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