SeaTown Holdings Pte. Ltd. Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

SeaTown Holdings Pte. Ltd. boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,485 shares of the software giant’s stock after purchasing an additional 1,080 shares during the quarter. Microsoft makes up 6.8% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 6th largest position. SeaTown Holdings Pte. Ltd.’s holdings in Microsoft were worth $9,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Virtu Financial LLC raised its stake in Microsoft by 322.7% in the second quarter. Virtu Financial LLC now owns 62,879 shares of the software giant’s stock valued at $28,103,000 after purchasing an additional 48,005 shares in the last quarter. Tower Wealth Partners Inc. lifted its position in Microsoft by 12.1% during the second quarter. Tower Wealth Partners Inc. now owns 3,004 shares of the software giant’s stock valued at $1,343,000 after purchasing an additional 324 shares during the last quarter. Finally, Frisch Financial Group Inc. grew its stake in Microsoft by 2.6% in the 2nd quarter. Frisch Financial Group Inc. now owns 23,189 shares of the software giant’s stock worth $10,364,000 after buying an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSFT. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Stifel Nicolaus increased their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 2.1 %

Shares of Microsoft stock opened at $388.49 on Tuesday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a 50-day moving average of $419.75 and a 200 day moving average of $422.59. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the company earned $2.93 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

About Microsoft

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.