Insider Selling: Patrick Pichette Unloads 2,886 Shares of Google Stock (GOOG)
Google (NASDAQ:GOOG) CFO Patrick Pichette unloaded 2,886 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $565.50, for a total transaction of $1,632,033.00. Following the completion of the transaction, the chief financial officer now directly owns 1,408 shares in the company, valued at approximately $796,224. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $666.57.
Google (NASDAQ:GOOG) traded down 0.72% on Thursday, hitting $562.30. The stock had a trading volume of 832,928 shares. Google has a 1-year low of $502.80 and a 1-year high of $604.83. The stock has a 50-day moving average of $577.7 and a 200-day moving average of $555.1. The company has a market cap of $380.3 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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