Google Announces Q1 Earnings
After a much anticipated announcement, Google (GOOG-O) reported Q1 earnings of $10.08 per share. It had revenues of $8.1 billion, which is relatively in line with analysts’ expectations, and its EPS beat an average estimate of $9.65 per share. Google’s shares closed more than 2% higher before the announcement, and they currently trade slightly higher in the after hours market.
Fidelity Management & Research is the largest active Google shareholder by holding 7 million shares. In Q4 2011, it bought 735,000 shares, giving it a 7% stake in the company.
The next top active institutional owner is T. Rowe Price, another Growth at a Reasonable Price investor. However, it sold 404,000 shares at the end of last year. Capital World also sold some of its Google shares, but it dropped 670,000 of them. 
At a stock price of $658, Google still gives investors a sense of room for growth, evidenced by the fact that more than half of the company’s institutional investors use either a GARP or Growth approach to equity investing. Passive index-tracking firms make up 21% of institutional holdings.
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