Microsoft Corp. (NASDAQ:MSFT) insider G Mason Morfit
sold 18,000,000 shares of the stock in a transaction that occurred on Thursday,
July 28th. The stock was sold at an average price of $56.12, for a total
transaction of $1,010,160,000.00. The transaction was disclosed in a legal
filing with the SEC, which can be accessed through this link.
A number of equities analysts have recently commented on the
stock. Citigroup Inc. reissued a “sell” rating on shares of Microsoft Corp. in
a research note on Tuesday, April 12th. Vetr raised
shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set
a $57.64 target price on the stock in a research note on Monday, July 11th.
Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price
(down previously from $66.00) on shares of Microsoft Corp. in a research note
on Monday, April 18th. Sanford C. Bernstein set a $68.00 target price on shares
of Microsoft Corp. and gave the company a “buy” rating in a research note on
Friday, July 15th. Finally, Jefferies Group reissued an “underperform” rating
and issued a $40.00 target price on shares of Microsoft Corp. in a research
note on Friday, April 22nd. Three research analysts have rated the stock with a
sell rating, eleven have assigned a hold rating and twenty-one have issued a
buy rating to the company. The stock presently has an average rating of “Buy”
and an average price target of $58.88.
Source: American Banking and Market News
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