Microsoft has recently seen insider trading activity, with executive vice president Christopher David Young selling 7,200 shares at an average price of $423.66. This sale represents a 6.51% decrease in Young's holdings, leaving him with 103,366 shares valued at around $43,792,039.56.
In the last 90 days, corporate insiders have sold a total of 41,200 shares worth $17,383,892, which accounts for a mere 0.03% of the company's stock currently owned by insiders. Institutional investors have also been making changes to their positions in Microsoft.
International Assets Investment Management LLC increased its stake in Microsoft by 48,526.1% during the third quarter, now holding 38,501,645 shares valued at approximately $16.57 billion. Other institutional investors, such as Swedbank AB and Wulff Hansen & CO., have also shown interest in Microsoft.
Analysts have adjusted their price targets for Microsoft. UBS Group raised its target to $525.00 and maintained a "buy" rating. Sanford C. Bernstein and JPMorgan Chase & Co. have lowered their price targets, but the overall sentiment remains positive.
Microsoft's financial performance has been strong, with earnings of $3.30 per share and a revenue of $65.59 billion for the quarter ending October 30. The company's market capitalization is $3.35 trillion, and it has a price-to-earnings ratio of 37.20.
Microsoft has also announced a share buyback program, allowing the company to repurchase up to $60 billion in outstanding shares. This move reflects confidence in the company's valuation and a commitment to returning capital to investors.