5 Stocks to Sell According to Billionaire Dan Loeb

In this article, we will take a look at the 5 stocks to sell according to billionaire Dan Loeb. To read our analysis of Dan Loeb’s profile, investment strategy, and 13F holdings, you can go to the 10 Stocks to Sell According to Billionaire Dan Loeb.

5. Microsoft Corporation (NASDAQ:MSFT)

Third Point’s Stake Value in Q1 2022: $154,155,000

Percentage of Third Point’s 13F Portfolio in Q1 2022: 2.00%

Number of Hedge Fund Holders: 258

Redmond, Washington-based Microsoft Corporation (NASDAQ:MSFT) is a leading technology company with products include operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Microsoft Corporation (NASDAQ:MSFT) boasts over 1.4 billion monthly active devices running its flagship operating system, Windows 10 or 11.

Dan Loeb’s Third Point’s held 500,000 shares of Microsoft Corporation (NASDAQ:MSFT), accounting for 2.0% of its 13F portfolio, as of Q1 2022. The hedge fund shed its stake by 69% during Q1 2022, compared to the previous quarter and disposed of the remaining shares in Q2 2022.

On September 20, board of directors of Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend of $0.68 per share, reflecting a 10% increase over the previous quarter’s dividend. Following the announcement, Morgan Stanley analyst Keith Weiss said the dividend hike highlights the stock’s “durable high-teens total return profile” when factored along with Microsoft’s high-teens percentage EPS growth. The analyst maintains an ‘Overweight’ rating and a price target of $354 for the shares.

As of Q2 2022, Microsoft Corporation (NASDAQ:MSFT) is the most sought-after stock among the 895 hedge funds tracked by Insider Monkey as 258 of these hedge funds held shares in the software giant, valued at $56 billion. Ken Fisher’s Fisher Asset Management was its largest hedge fund shareholder with ownership of 28.7 million shares valued at $7.4 billion.