4. Microsoft Corporation (NASDAQ:MSFT)
D1 Capital Partners’ Stake Value: $771,861,000
Percentage of D1 Capital Partners’ 13F Portfolio: 4.31%
Number of Hedge Fund Holders: 250
It was revealed in a November 26 story that Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella sold about 50% of his common stock in the company on November 22, which amounted to 838,600 shares valued at $285.3 million.
Daniel Sundheim owns 2.72 million Microsoft Corporation (NASDAQ:MSFT) shares, worth $771.8 million, representing 4.31% of his portfolio as of September this year.
Microsoft Corporation (NASDAQ:MSFT) on October 26 posted its Q3 results. The Q3 EPS totaled $2.27, beating estimates by $0.19. Revenue for the quarter amounted to $45.32 billion, outperforming estimates by $1.33 billion, up 21.97% from the previous-year quarter.
Wells Fargo analyst Michael Turrin on November 22 initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with an Overweight rating and a $400 price target, stating that the company had impressive room for growth and a bright future ahead, despite its already massive operations.
One of the leading Microsoft Corporation (NASDAQ:MSFT) stakeholders as of September 2021 is Arrowstreet Capital, holding a position worth over $5 billion in the company. Microsoft Corporation (NASDAQ:MSFT) is a highly coveted stock among the smart money, with 250 hedge funds holding stakes worth $65.8 billion in the tech giant. This is an increase as compared to the preceding quarter, when 238 funds were bullish on Microsoft Corporation (NASDAQ:MSFT) with total stakes amounting to $62.4 billion.
Here is what Alger has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter:
“Microsoft Corporation was among the top contributors to performance during the third quarter. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Microsoft reported that Azure grew 51% in the second quarter. This high unit volume growth is a primary driver of the company’s higher share price, but the company’s strong operating execution has enabled margin expansion that has also helped to increase forward earnings estimates. We believe Microsoft’s subscription-based software offerings and cloud computing services have a durable growth profile because they enhance customers’ growth initiatives and help them to diminish costs. Additionally, investors appreciate Microsoft’s strong free cash flow generation and its return of cash to shareholders in the form of dividends and share repurchases.”
