Last night the internet was buzzing because Microsoft Corporation (NASDAQ:MSFT)’s Xbox Live Service was down. Whenever this happens there are those who threaten, via social media, to leave for the competition. Last night, however, one of these individuals happened to be none other than Snoop Dog.
Snoop turned to Instagram to let his opinions be felt, with a direct profanity-filled attack to both Microsoft Corporation (NASDAQ:MSFT) and Bill Gates. He even threatened to leave the service for Playstation.
This morning, however, tempers have calmed as the official Xbox Live Status website says that the Xbox Live service is running “Normal”. However, they did issue a suggestion to those who still are experiencing problems, via their Twitter account.
“The issues should now be resolved! Please be sure to power cycle your Xbox console before trying to connect again: http://xbx.lv/19Pxh2o ”
MSFT stock decreased 2.16% or $1.14 during the last trading session, hitting $51.64. Approximately 6,364 shares traded hands. MSFT shares have risen 10.79% since June 10, 2015 and are currently uptrending. It has outperformed the S&P500 by 18.28%.
From a total of 17 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 13 rate it a “Buy”, 1 a “Sell”, and 3 a “Hold”. This means that 76% 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 $54.26 which is 5.07% above today’s ($51.64) stock price. Microsoft Corporation was the topic of 35 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets initiated shares on January 8 with a “Outperform” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. RBC Capital Markets maintained MSFT stock in a recent report from January 6 with a “Outperform” 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, Deutsche Bank maintained the stock with a “Buy” rating in a report they issued on a December 16.
The institutional sentiment increased to 1.08 in Q2 2015. It’s up 0.32, from 0.76 in 2015Q2. The ratio is positive, 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 4.00M 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 $421.60 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 34.7 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.