Insider Selling: Google CEO Unloads 33,332 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $586.77, for a total value of $19,558,217.64. Following the completion of the transaction, the chief executive officer now directly owns 23,303,580 shares in the company, valued at approximately $13,673,841,637. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at Telsey Advisory Group reiterated an “in-line” rating on shares of Google in a research note on Wednesday. They now have a $678.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Google in a research note on Monday. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Google in a research note on Monday. They now have a $742.00 price target on the stock, up previously from $735.00. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Google currently has a consensus rating of “Buy” and an average price target of $676.00.
Shares of Google (NASDAQ:GOOG) traded down 1.34% during mid-day trading on Thursday, hitting $574.87. 1,692,353 shares of the company’s stock traded hands. Google has a 1-year low of $502.80 and a 1-year high of $604.83. The stock’s 50-day moving average is $565.4 and its 200-day moving average is $549.8. The company has a market cap of $387.7 billion and a price-to-earnings ratio of 30.53.
Google Inc (NASDAQ:GOOG) is a global technology company.
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