Horizon Kinetics Asset Management LLC lowered its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,315 shares of the software maker's stock after selling 27,590 shares during the period. MicroStrategy accounts for approximately 0.6% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 17th biggest holding. Horizon Kinetics Asset Management LLC owned 0.07% of MicroStrategy worth $47,879,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MSTR. Riverview Trust Co bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $25,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Aspect Partners LLC purchased a new position in MicroStrategy during the 4th quarter valued at about $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on MSTR. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Check Out Our Latest Report on MicroStrategy
MicroStrategy Stock Performance
NASDAQ MSTR traded down $11.08 on Tuesday, hitting $283.19. 15,051,463 shares of the company traded hands, compared to its average volume of 18,363,624. The business's 50 day moving average price is $319.90 and its 200-day moving average price is $284.19. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of -50.27 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.
MicroStrategy Profile
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Free Report)
MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.
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