Abacus Wealth Partners reduced its Microsoft stake by 7.6% in Q2, now holding 8,275 shares.

Abacus Wealth Partners LLC reduced its Microsoft stake by 7.6% in Q2, now holding 8,275 shares. Microsoft's market cap is $3.10 trillion, with a P/E ratio of 36.12. The company reported Q2 earnings of $2.95 per share, beating estimates. Analysts have mixed price targets, with Macquarie at $475 and Citigroup at $500. CEO Satya Nadella sold 14,398 shares in August. Institutional investors own 71.13% of Microsoft's stock.

September 01, 2024
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