GOOGLE INC. $1,107 (Nasdaq symbol GOOG; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 334.1 million; Market cap: $369.8 billion; Price-to-sales ratio: 6.4; No dividends paid; TSINetwork Rating: Above Average; www.google.com) continues to profit from the shift to online advertising, even though it is earning less per ad. That’s because advertisers are paying less for ads on mobile devices, since they are more difficult to see on smaller screens.
However, Google’s Android software powers 80% of all mobile devices. That’s driving more traffic to its web sites. Google is also selling ads in bundles that cover multiple devices.
Google is a buy.