Insider Selling: Lawrence Page Sells 33,332 Shares of Google Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 33,332 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $578.87, for a total transaction of $19,294,894.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Google (NASDAQ:GOOG) opened at 573.48 on Monday. Google has a 1-year low of $502.80 and a 1-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 price-to-earnings ratio of 29.71.
Google (NASDAQ:GOOG) last released its 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.
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, August 13th. 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Google presently has an average rating of “Buy” and a consensus price target of $668.80.
Google Inc (NASDAQ:GOOG) is a global technology company.
Receive News & Ratings for Google Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Google Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.