Google Director Sells $4,167,133 in Stock (GOOG)
Google (NASDAQ:GOOG) Director L John Doerr unloaded 7,254 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $574.46, for a total value of $4,167,132.84. Following the completion of the sale, the director now directly owns 2,741 shares of the company’s stock, valued at approximately $1,574,595. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GOOG shares. 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $668.80.
Google (NASDAQ:GOOG) traded down 0.20% on Friday, hitting $573.48. The stock had a trading volume of 1,517,056 shares. Google has a one year low of $502.80 and a one year high of $604.83. The stock has a 50-day moving average of $578.7 and a 200-day moving average of $556.. The company has a market cap of $387.9 billion and a P/E ratio of 29.77.
Google (NASDAQ:GOOG) last issued its quarterly earnings data 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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