Google CEO Lawrence Page Sells 33,332 Shares (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $576.49, for a total value of $19,215,564.68. Following the completion of the transaction, the chief executive officer now directly owns 23,203,580 shares of the company’s stock, valued at approximately $13,376,631,834. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on GOOG. Analysts at Stifel Nicolaus initiated coverage on shares of Google in a research note on Wednesday. They set a “buy” rating and a $700.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, July 21st. Finally, 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. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Google presently has an average rating of “Buy” and an average target price of $668.80.
Google (NASDAQ:GOOG) traded up 2.14% during mid-day trading on Wednesday, hitting $574.78. 1,437,834 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 $578.6 and a 200-day moving average of $555.6. The company has a market cap of $388.8 billion and a P/E ratio of 29.16.
Google (NASDAQ:GOOG) last posted its quarterly 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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