J.W. Cole Advisors Inc. Has $1.49 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

J.W. Cole Advisors Inc. lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,131 shares of the software maker's stock after buying an additional 1,181 shares during the period. J.W. Cole Advisors Inc.'s holdings in MicroStrategy were worth $1,486,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Private Wealth Management Group LLC increased its holdings in shares of MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after buying an additional 71 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $32,000. Activest Wealth Management acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $33,000. SOA Wealth Advisors LLC. acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $37,000. Finally, Game Plan Financial Advisors LLC acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $37,000. Institutional investors own 59.84% of the company's stock.

MicroStrategy Trading Down 7.5 %

Shares of NASDAQ MSTR traded down $24.23 during midday trading on Friday, reaching $299.69. 17,854,873 shares of the stock were exchanged, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a 12 month low of $67.81 and a 12 month high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a 50-day simple moving average of $342.30 and a two-hundred day simple moving average of $267.09. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Analysts Set New Price Targets

MSTR has been the subject of several recent analyst reports. Maxim Group raised their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. 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 price target on the stock. Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Profile

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.