Microsoft Co. (NASDAQ:MSFT) is Miracle Mile Advisors LLC’s 5th Largest Position

Miracle Mile Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,222 shares of the software giant’s stock after buying an additional 365 shares during the period. Microsoft accounts for about 3.3% of Miracle Mile Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Miracle Mile Advisors LLC’s holdings in Microsoft were worth $135,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after buying an additional 3,078,099 shares during the period. Norges Bank purchased a new stake in Microsoft during the fourth quarter worth $35,920,047,000. Capital International Investors increased its position in shares of Microsoft by 1.0% during the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after purchasing an additional 842,884 shares in the last quarter. Jennison Associates LLC increased its position in shares of Microsoft by 1.1% during the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after purchasing an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after purchasing an additional 403,409 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSFT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Argus upped their price target on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. New Street Research started coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Citigroup cut their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.8 %

MSFT stock opened at $430.59 on Friday. The company’s 50-day simple moving average is $423.50 and its 200-day simple moving average is $423.36. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The firm has a market cap of $3.20 trillion, a P/E ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the prior year, the company posted $2.69 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.