Google CEO Sells $19,294,895 in Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 33,332 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $578.87, for a total value of $19,294,894.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
GOOG has been the subject of a number of recent research reports. 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 assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $668.80.
Shares of Google (NASDAQ:GOOG) traded down 0.02% on Thursday, hitting $574.65. 982,926 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 $578.9 and its 200-day moving average is $555.8. The company has a market cap of $388.7 billion and a price-to-earnings ratio of 29.78.
Google (NASDAQ:GOOG) last released its earnings data on Thursday, July 17th. The company reported $6.08 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $9.56 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.
Google Inc (NASDAQ:GOOG) is a global technology company.
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