Microsoft Corporation (NASDAQ:MSFT) hasn’t officially announced all that much about their rumored Xbox Two video game console, but rumors have emerged, and the company has validated some of them. It’s this morning that the rumors are running rampant that the Microsoft Corporation (NASDAQ:MSFT) Xbox Two (rumored name) could be released as much as a year in advance of competitor Sony’s (NYSE:SNE) Playstation 5 (PS5). Shares of Microsoft are trading down slightly (0.52%) in the pre-market this morning.
Microsoft Corporation (NASDAQ:MSFT) has confirmed that they are working on their next generation console (at least from an R&D standpoint), a console which should definitely be capable of 4K gaming.
According to N4BB, they believe that the Xbox Two could come to market as soon as one year in advance to the PS5, which so far has been slated for a 2020 release. Latinos Health is reporting that the new Xbox console by Microsoft Corporation (NASDAQ:MSFT) will be a disc-less platform, that will also be VR-compatible and feature, as expected, backward compatibility.
The stock closed at $55.67 during the last trading session. It is up 18.70% since May 22, 2015 and is uptrending. It has outperformed the S&P500 by 20.96%.
From a total of 16 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 12 rate it a “Buy”, 2 a “Sell”, and 2 a “Hold”. This means that 75% of the ratings are positive. The highest target price is $65 while the lowest target price is $20. The mean of all analyst targets is $52.86 which is -5.05% below today’s ($55.67) stock price. Microsoft Corporation was the topic of 31 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 16 with a “Buy” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. UBS maintained MSFT stock in a recent report from November 23 with a “Buy” rating. Global Equities Research maintained the rating on August 28. Global Equities Research has a “Overweight” rating and a $50 price target on shares. Finally, Barclays Capital maintained the stock with a “Overweight” rating in a report they issued on an October 23.
The institutional sentiment increased to 1.08 in Q2 2015. It’s up 0.32, from 0.76 in 2015Q2. The ratio improved, as 69 funds sold all their Microsoft Corporation shares they owned while 801 reduced their positions. 93 funds bought stakes while 843 increased their total positions. Institutions now own 5.20 billion shares which is 8.27% less than the previous share count of 5.67 billion in 2015Q2.
Cook & Bynum Capital Management Llc holds 25.5% of its total portfolio in Microsoft Corporation, equating to 717,081 shares. Rwwm Inc. owns 895,414 shares representing 19.69% of their total US portfolio. Moreover, Valueact Holdings L.P. has 19.37% of their total portfolio invested in the company, equating to 75.27 million shares. The California-based Smithwood Advisers L.P. has a total of 17.28% of their portfolio invested in the stock. Deccan Value Investors L.P., a Connecticut-based fund reported 2.26 million shares owned.
Since April 28, 2015, the stock had 0 buys, and 4 sales for a total of $370.34 million in net activity. Gates William H Iii sold 4.00M shares worth $185.75M. Turner Brian Kevin sold 69,158 shares worth $3.16 million. Capossela Christopher C sold 4,485 shares worth $218,464. Brod Frank H sold 4,500 shares worth $215,294.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software services and products. The company has a market cap of $444.69 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 37.4 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.