Microsoft Corporation (MSFT) Rumored to be Launching Slim Xbox One to Take on Apple TV

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If rumors are accurate you may soon be able to purchase a Microsoft Corporation (NASDAQ:MSFT) Xbox One console that’s not much larger than a few iPad minis stacked on top of eachother. Rumors coming from internal sources within the company and relayed to Petri.com indicate that Microsoft Corporation (NASDAQ:MSFT) is highly considering launching a slimmed down version of their blockbuster video game console in order to compete against the likes of Apple TV.

According to sources, the new Xbox One will be much smaller and only work with games downloaded from the Windows Store. If this product does come to fruition it will likely be launched near the end of 2016 (perhaps just in time for the holidays) and be priced considerably lower than the larger Xbox One console. Such a product seems like a good idea if Microsoft Corporation (NASDAQ:MSFT) wants to cater to a market who may not be willing to spend big bucks for the larger unit.

The stock has dropped 0.44% or $0.25 trading at $56.06, despite this positive news. Approximately 5,100 shares traded hands. MSFT shares have risen 18.67% since May 28, 2015 and are currently uptrending. It has outperformed the S&P500 by 20.80%.

From a total of 16 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 12 rate it a “Buy”, 1 a “Sell”, and 3 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 -5.71% below today’s ($56.06) stock price. Microsoft Corporation was the topic of 32 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 18 to a “Neutral” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. Raymond James upgraded MSFT stock in a recent report from November 30 to a “Strong 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, Piper Jaffray maintained the stock with a “Overweight” rating in a report they issued on a November 10.

The institutional sentiment increased to 1.08 in Q2 2015. It’s up 0.32, from 0.76 in 2015Q2. The ratio increased, 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 insider purchases, and 4 selling transactions for a total of $370.34 million in net activity. Gates William H Iii sold 4.00 million shares worth $185.75 million. Turner Brian Kevin sold 69,158 shares worth $3.16M. 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 $447.80 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 37.67 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.

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