Google CEO Sells $19,091,236 in Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 33,332 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $572.76, for a total value of $19,091,236.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $666.57.
Shares of Google (NASDAQ:GOOG) traded down 0.16% during mid-day trading on Monday, hitting $567.88. 1,215,968 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 has a 50-day moving average of $578.7 and a 200-day moving average of $555.5. The company has a market cap of $384.1 billion and a P/E ratio of 29.47.
Google (NASDAQ:GOOG) last released its earnings data on Thursday, July 17th. The company reported $6.08 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $9.56 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis.
Google Inc (NASDAQ:GOOG) is a global technology company.
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