Are Google’s Big Investors Trimming Their Holdings Ahead of Earnings This Week?

Google Inc (NASDAQ:GOOG) shares are slightly lower this year by 2.94%, not a good shareholder performance when compared to the 8% rise of the S&P 500 Index. With Larry Page at the CEO helm, the company has delivered very solid double-digit revenue growth. Google is slated to report earnings on April 11th. The average estimate of analysts is for profit of $8.23 per share, a rise of 16.9% from the company’s actual earnings for the same quarter a year ago. Are Google’s biggest investors trimming their holdings ahead of the upcoming earnings report?

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1200 institutional firms indicated owning shares of Google Inc. (NASDAQ:GOOG) in both Q3 2011and Q4 2011. These firms reported owning a total of 202.398 million shares on 09/30/2011 and 205.985 million shares on 12/31/2011. The shares closed at $515.04 on 09/30/2011 and $645.90 on 12/31/2011, for an aggregate market value of $104.243 billion and $133.045 billion, respectively.

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Here are the ten largest positions in Google at the end of December 31st, 2011.

FMR LLC held 17,379,087 shares on 09/30/2011 which were worth $8,950,924,968. On 12/31/2011 the firm held 18,226,205 shares worth $11,772,305,810. This represented an increase of 847,118 shares or $2,821,380,841.

VANGUARD GROUP INC held 9,936,460 shares on 09/30/2011 which were worth $5,117,674,358. On 12/31/2011 the firm held 10,141,494 shares worth $6,550,390,975. This represented an increase of 205,034 shares or $1,432,716,616.

PRICE T ROWE ASSOCIATES INC /MD/ held 10,078,082 shares on 09/30/2011 which were worth $5,190,615,353. On 12/31/2011 the firm held 9,673,970 shares worth $6,248,417,223. This represented a reduction of 404,112 shares or $1,057,801,870.

STATE STREET CORP held 9,017,223 shares on 09/30/2011 which were worth $4,644,230,534. On 12/31/2011 the firm held 9,270,153 shares worth $5,987,591,823. This represented an increase of 252,930 shares or $1,343,361,289.

BLACKROCK INSTITUTIONAL TRUST COMPANY N.A. held 6,261,634 shares on 09/30/2011 which were worth $3,224,991,975. On 12/31/2011 the firm held 6,781,850 shares worth $4,380,396,915. This represented an increase of 520,216 shares or $1,155,404,940.

CAPITAL WORLD INVESTORS held 7,405,116 shares on 09/30/2011 which were worth $3,813,930,945. On 12/31/2011 the firm held 6,736,066 shares worth $4,350,825,029. This represented a reduction of 669,050 shares or $536,894,085.

INVESCO LTD. held 3,817,560 shares on 09/30/2011 which were worth $1,966,196,102. On 12/31/2011 the firm held 4,111,887 shares worth $2,655,867,813. This represented an increase of 294,327 shares or $689,671,711.

BANK OF NEW YORK MELLON CORP held 3,714,642 shares on 09/30/2011 which were worth $1,913,189,216. On 12/31/2011 the firm held 3,916,352 shares worth $2,529,571,757. This represented an increase of 201,710 shares or $616,382,541.

PRIMECAP MANAGEMENT CO/CA/ held 3,374,001 shares on 09/30/2011 which were worth $1,737,745,475. On 12/31/2011 the firm held 3,377,675 shares worth $2,181,640,283. This represented an increase of 3,674 shares or $443,894,807.

NORTHERN TRUST CORP held 3,237,634 shares on 09/30/2011 which were worth $1,667,511,015. On 12/31/2011 the firm held 3,225,050 shares worth $2,083,059,795. This represented a reduction of 12,584 shares or $415,548,780.

About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.

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