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.
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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.