Google major shareholder Sergey Brin Unloads 166,668 Shares (GOOG)
Google (NASDAQ:GOOG) major shareholder Sergey Brin sold 166,668 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $570.35, for a total value of $95,059,093.80. Following the completion of the transaction, the insider now directly owns 22,818,612 shares in the company, valued at approximately $13,014,595,354. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on GOOG. Analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, July 21st. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Google in a research note on Friday, July 18th. They now have a $655.00 price target on the stock, up previously from $645.00. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Google in a research note on Friday, July 18th. They now have a $650.00 price target on the stock, up previously from $630.00. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Google currently has an average rating of “Buy” and an average price target of $666.57.
Google (NASDAQ:GOOG) traded down 0.83% during mid-day trading on Thursday, hitting $561.65. 893,152 shares of the company’s stock traded hands. Google has a one year low of $502.80 and a one year high of $604.83. The stock’s 50-day moving average is $577.7 and its 200-day moving average is $555.1. The company has a market cap of $379.9 billion and a P/E ratio of 29.35.
Google (NASDAQ:GOOG) last announced its earnings results on Thursday, July 17th. The company reported $6.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $6.25 by $0.17. The company had revenue of $15.96 billion for the quarter, compared to the consensus estimate of $15.61 billion. During the same quarter last year, the company posted $9.56 earnings per share. Google’s revenue was up 13.1% compared to the same quarter last year.
Google Inc (NASDAQ:GOOG) is a global technology company.
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