Now that Google Inc. (
) is trading above $800 per share and it's up 31% in the first
quarter of 2013, here's an update on Google's performance and a
look at the Gurus trading as found on
GuruFocus Real Time Picks
Up 45% over 12 months, Google Inc. (
) has a market cap of $288.24 billion, and a P/E of 25.80. It
currently trades at $877.53 per share.
Google Inc. reported consolidated revenues of $13.97 billion for
the quarter ended March 31, 2013, an increase of 31% compared to
the first quarter of 2012. Google Inc. reported advertising
revenues, consistent with GAAP, on a gross basis without
deducting traffic acquisition costs (
). In the first quarter of 2013, TAC totaled $2.96 billion, or
25% of advertising revenues, according to the company.
"We had a very strong start to 2013, with $14.0 billion in
revenue, up 31% year-on-year," said Larry Page, CEO of Google.
"We are working hard and investing in our products that aim to
improve billions of people's lives all around the world."
Using the GuruFocus interactive valuation chart, track GOOG's
valuation since August of 2004:
There are numerous investor Gurus holding GOOG. Here are a few
The top Guru stakeholder of Google is PRIMECAP Management with
about 3.2 million shares or 0.97 shares outstanding, 3.7% of its
total assets managed. PRIMECAP's trading history shows a bright
green path of gains ever since it first bought in the second
quarter of 2008 at the average price of $542.56 for a 61.7% gain.
Overall, on about 1.8 million shares bought at the average price
of $445.31 per share, PRIMECAP gained 97% on GOOG. On 306,974
shares sold at an average price of $604.62 per share, PRIMECAP
made a gain of 45%.
Other Guru Shareholders
The second highest GOOG stakeholder is Guru Chris Davis who holds
around 2.7 million shares, followed by Frank Sands with 2.4
million shares and Jeremy Grantham for a little over 2 million
First-time GOOG buyers in first quarter 2013, Tom Gayner and
Chuck Royce, bought 5,000 and 250 shares, respectively.
Greenlight Capital's David Einhorn was new to GOOG in the fourth
quarter of 2012 when he bought a new holding of 63,000 GOOG
shares at an average price of $699.77 for a 25.4% gain.
Recently three Gurus increased their positions with Google in the
last quarter, as of March 31, 2013:
Dodge & Cox
Dodge & Cox increased its GOOG position same quarter by
39.09% Dodge & Cox bought 366,250 GOOG shares at an average
price of $778.50 for a 12.7% gain. Overall, Dodge and Cox is
average a 26% gain on around 1.3 million shares bought on average
at $698.12 per share.
Manning & Napier Advisors
Manning & Napier Advisors increased its GOOG position by
8.38%, buying 47,835 shares at an average price of $778.50 per
share for a 12.7% gain. The trading history shows that on buying
a little more than 1.8 million shares at an average price of
$478.03, Manning & Napier gained 84%. On selling 1.8 million
shares at an average price of $551.06, they gained on average
Joho Capital's Robert Karr bought 9,000 shares, increasing his
Google position by 3.23%. He now holds 0.09% of GOOG shares
Since the second quarter of 2008, Karr's trading history shows a
78% gain on 417,449 shares bought at an average price of $493.27
per share. He also gained 76% on 328,743 shares sold at an
average share price of $498.90 per share. In the first quarter of
2013, Karr bought 9,000 more shares at $778.50 per share and made
a 13.1% gain.
Here's a detailed analysis of Gurus trading GOOG.
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