That said, some are disappointed with Google, and are less-than-ready to lose voting rights while watching blockbuster outperformance from competitors such as Apple.
“This was one of the least interesting quarters that Google’s printed in about three years. The after-market [share price] move was also the smallest we’ve seen in that time, because results came right in line with the Street,” said Mahaney.
One investor, Ken Hackel of CT Capital, thinks Google need not worry too much about last quarter, or Apple’s dominance, simply because its shares are relatively cheaper.
“Google continues to grow free cash flow by over 20 percent. Something wrong with that? And that’s on top of a low valuation,” said Hackel,in a separate interview.
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CNBC Data Pages:
Mark Mahaney does not personally own Google stock. Citi is a market maker (matched buyers and sellers) in Google securities, and has acted as a manager or co-manager of an offering of securites of Google.
Follow Jennifer Leigh Parker on Twitter @jparker741.