–
Major Google (GOOG) shareholder Sergey Brin sold 166, 668 shares of the stock on the open market last Tuesday, August 5, at an average price of $570.35, for a total value of $95 million, WKRB reported.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Brin Following the completion of the transaction, the insider now directly owns 22, 818, 612 shares of the company’s stock, valued at approximately $13, 014, 595, 354.
The sale was disclosed in a document filed with the SEC.
On Friday, Google shares opened at $568.77.
Google has a one year low of $502.80, one year high of $604.83, a 50-day moving average of $578.4, and a 200-day moving average of $555.4.
Google’s market cap is $384.7 billion, its price-to-earnings ratio of 29.19.
Google had revenue of $15.96 billion for Q2/14. Its quarterly revenue was up 13.1% compared to Q2/13.
Google currently has an average rating of “Buy” and a consensus price target of $666.57.
