Sergey Brin Insider Sell
In view of the stocks unload Sergey Brin made he is in the insider trading spotlight today. The Co-Founder of Google Inc and an insider, unloaded 16,666 shares worth $10,003,294 U.S. Dollars. The average price was $600.2 per share. In the last month, he also sold 50,006 shares with a total value of about $31,926,922 USD.
Google Inc Sentiment and Fundamentals
Traders wonder what led Mr. Sergey to making such a bold sale. We wonder whether he is still an optimist about the future of the Company and its stock price. For 2015 the company’s security analysts are expecting $28.85 earnings for each share. This means that the company’s P/E ratio will be 21.09 and the forecasted growth rate YOY 17.97%.
Because our back-tested stocks time-momentum model which is presented on the chart below is in buy signal, we can’t rate the stock SELL. Over the last 50 days Google Inc’s stock price has surged 8.14% and currently is in steady uptrend.
Just as famous stock market investors (who include Paul Tudor Jones) claimed, the highest risk-adjusted returns are made via a combination of fundamental & technical analysis. This doesn’t look to be the case with this company.
Institutional Ownership
SEC filings showed that, 1475 hedge funds owned Google Inc. The institutional ownership of this company in Q2 2015 is extremely high, at 33.92% of the shares outstanding. They decreased by 116.83 million the total shares they hold. As of that quarter these professional stock owners owned 232.53 million shares. A total of 78 funds closed their positions in Google Inc and 586 reduced their holdings. There were 106 funds that created new positions and 691 funds that added to their positions.
Among them, 95 have the stock in their Top 10. These are: Landscape Capital Management L.L.C., Maplelane Capital Llc, Zenit Asset Management Ab, Ancient Art L.P., Belvedere Trading Llc, Hs Management Partners Llc, Kenmare Capital Partners L.L.C., Eton Park Capital Management L.P., Janus Capital Management Llc, Kames Capital Plc.
A.R. Schmeidler & Co. Inc. is the most positive institutional investor on Google Inc, with ownership of 4,625 shares as of Q2 2015 for 0.44% of the fund’s portfolio. Advisors Capital Management Llc is another positive institutional investor owning 15,067 shares of the company or 0.85% of their stocks portfolio. The stock is also 1.03% of the fund’s AUM. Further American National Insurance Co Tx have 0.79% of their stock portfolio invested in the company for 25,542 shares. The Texas-based fund American National Registered Investment Advisor Inc. disclosed it had purchased a stake worth 0.55% of the fund’s stock portfolio in Google Inc. Kevin Michael Ulrich And Anthony Davis’s Anchor Capital Advisors Llc is also positive in the company, owning 449 shares or 0.01% of their stock portfolio.
Google NASDAQ:GOOG Company Profile
Google Inc. (Google) provides its products and services in more than 100 languages and in more than 50 countries, regions and territories. The Company offers a range of products across screens and devices. The Company delivers both performance advertising and brand advertising. The Performance advertising creates and delivers relevant ads, which leads to direct engagement with advertisers. Brand advertising enhances users’ awareness of and affinity with advertisers’ products and services, through videos, text, images, and other interactive ads that run across various devices. The Company has an ad technology platform for brand advertisers, agencies, and publishers to power its digital marketing businesses across display, mobile, and video.
Company Website: Google
Google Inc was formed in Delaware on 2002-10-22. At the moment its market worth is: $417.09 billion and it has 701.03 million shares outstanding. Google Inc has 57148 employees. Today it has 67.21% shareholders and the institutional ownership is 67.21%. The stock closed at $608.419983 yesterday and it had average 2 days volume of 939209 shares. It is up from the 30 days average shares volume of 916191. Google Inc has a 52weeks low of $486.28 and a 52weeks high of $678.60. The stock price is above the 200 days SMA.
* The shares were sold in multiple transactions at prices ranging from $591.05 to $592.04 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $592.08 to $593.07 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $593.14 to $594.13 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $594.27 to $595.26 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $595.46 to $596.45 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $596.55 to $597.54 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $597.78 to $598.77 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $598.81 to $599.80 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $600.50 to $601.49 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $601.99 to $602.98 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $603.05 to $604.04 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $604.21 to $605.20 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $605.22 to $606.21 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $607.61 to $608.60 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $609.05 to $610.04 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $610.44 to $611.43 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $612.17 to $613.16 - inclusive.
* The shares were sold in multiple transactions at prices ranging from $613.29 to $614.28 - inclusive.
* Each share of Class A Common Stock was issued upon the conversion of one share of Class B Common Stock at the election of Reporting Person.
* All shares are exercisable as of the transaction date.
* There is no expiration date for the Issuer’s Class B Common Stock.
