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Google Inc. (GOOG) CEO, 10% Owner Lawrence Page sells 27,778 Shares

May 11, 2011 | About:
insider

insider

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CEO, 10% Owner of Google Inc. (GOOG) Lawrence Page sells 27,778 shares of GOOG on 05/09/2011 at an average price of $536.01 a share.

Google Inc. has a market cap of $172.16 billion; its shares were traded at around $535.45 with a P/E ratio of 19.6 and P/S ratio of 5.9. Google Inc. had an annual average earning growth of 58.4% over the past 10 years.

This is the annual revenues and earnings per share of GOOG over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of GOOG.


CEO Recent Trades:


  • Sell: CEO, 10% Owner Lawrence Page sold 55,556 shares of GOOG stock on 04/13/2011 at the average price of 573.14. Lawrence Page owns at least 115,000 shares after this. The price of the stock has decreased by 6.58% since.
  • Sell: CEO, 10% Owner Lawrence Page sold 27,778 shares of GOOG stock on 04/11/2011 at the average price of 575.54. Lawrence Page owns at least 115,000 shares after this. The price of the stock has decreased by 6.97% since.
  • Sell: CEO, Chairman of the Board Eric E Schmidt sold 11,380 shares of GOOG stock on 02/22/2011 at the average price of 618.39. Eric E Schmidt owns at least 31,757 shares after this. The price of the stock has decreased by 13.41% since.
  • Sell: CEO, Chairman of the Board Eric E Schmidt sold 33,177 shares of GOOG stock on 02/22/2011 at the average price of 615.24. Eric E Schmidt owns at least 4,990 shares after this. The price of the stock has decreased by 12.97% since.

CFO Recent Trades:


  • Sell: SVP & CFO Patrick Pichette sold 1,654 shares of GOOG stock on 05/04/2011 at the average price of 535.17. The price of the stock has increased by 0.05% since.
  • Sell: SVP & CFO Patrick Pichette sold 1,653 shares of GOOG stock on 04/04/2011 at the average price of 593. The price of the stock has decreased by 9.7% since.
  • Sell: SVP & CFO Patrick Pichette sold 1,137 shares of GOOG stock on 03/09/2011 at the average price of 591. The price of the stock has decreased by 9.4% since.
  • Sell: SVP & CFO Patrick Pichette sold 1,655 shares of GOOG stock on 03/04/2011 at the average price of 607.7. Patrick Pichette owns at least 1,137 shares after this. The price of the stock has decreased by 11.89% since.
  • Sell: SVP & CFO Patrick Pichette sold 4,961 shares of GOOG stock on 02/07/2011 at the average price of 610.16. The price of the stock has decreased by 12.24% since.

This is the insider trade history vs. stock price of GOOG. For the complete insider trading history of GOOG, click here.




Directors and Officers Recent Trades:


  • Sell: Co-Founder, 10% Owner Sergey Brin sold 83,334 shares of GOOG stock on 05/03/2011 at the average price of 535.27. The price of the stock has increased by 0.03% since.
  • Sell: Director John L Hennessy sold 400 shares of GOOG stock on 05/02/2011 at the average price of 540.82. John L Hennessy owns at least 4,720 shares after this. The price of the stock has decreased by 0.99% since.
  • Sell: SVP Prod. Mgmt. Jonathan J Rosenberg sold 487 shares of GOOG stock on 04/07/2011 at the average price of 574.84. Jonathan J Rosenberg owns at least 36,932 shares after this. The price of the stock has decreased by 6.85% since.
  • Sell: Co-Founder, 10% Owner Sergey Brin sold 83,334 shares of GOOG stock on 04/05/2011 at the average price of 572.39. The price of the stock has decreased by 6.45% since.
  • Sell: SVP Prod. Mgmt. Jonathan J Rosenberg sold 244 shares of GOOG stock on 04/05/2011 at the average price of 573.5. Jonathan J Rosenberg owns at least 36,932 shares after this. The price of the stock has decreased by 6.63% since.


For the complete insider trading history of GOOG, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.0/5 (1 vote)

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