Google CEO Sells $19,319,530 in Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 33,340 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $579.47, for a total transaction of $19,319,529.80. 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 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $668.80.
Google (NASDAQ:GOOG) traded down 0.20% on Friday, hitting $573.48. 1,517,056 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 $578.8 and a 200-day moving average of $556.0. The company has a market cap of $387.9 billion and a price-to-earnings ratio of 29.77.
Google (NASDAQ:GOOG) last announced its earnings results 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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