Google Inc (NASDAQ:GOOGL), saw a high level insider lower his stakes in the company through a series of transactions. Executive Chairman Of The Board, Eric E. Schmidt sold a total of 7,000 shares of common stock at prices ranging from $554.6184 to $600.5998 per share.
Following this transaction, Schmidt now has 2,496,750 shares indirectly invested in Google Inc (NASDAQ:GOOGL), the $401.86 billion market cap global technology company primarily focused around key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products.
In addition, a myriad of hedge funds are involved with this powerhouse technology corporation. Eagle Capital Management, the hedge fund run by Boykin Curry decreased its involvement by 1% last quarter, now holding 797,297 shares worth about $888.5 million; while Citadel Investment Group, the hedge fund controlled by Ken Griffin also showed a decrease in it’s activity, as it reported a decline of 33% last quarter and now holds 760,560 shares worth approximately $847.6 million in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.