Google Inc. (NASDAQ:GOOG) spent a total of more than $1.9 billion on company acquisitions last year.

Google Inc. (NASDAQ:GOOG) Reveals Huge Acquisition Bill

The search titan Google Inc. (NASDAQ:GOOG) said in a filing that it has spent nearly $1.9 billion in cash and stock in 2011 for acquisitions.

The company acquired 79 companies, including software maker ITA Software, restaurant review guide maker Zagat and ad market specialist Admeld last year.

Google Inc. (NASDAQ:GOOG) said in the filing, “These acquisitions generally enhance the breadth and depth of our expertise in engineering and other functional areas, our technologies, and our product offerings. Acquisitions will also remain important component of our strategy and use of capital, and we expect our current pace of acquisitions to continue”.

Google Inc. (NASDAQ:GOOG) shares were at 577.69 at the end of the last day’s trading. There’s been a -3.4% change in the stock price over the past 3 months.

Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.23
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.19
Zack’s Rank: 10 out of 28 in the industry