5 Stocks US Congressmen Are Selling

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is an American multinational technology corporation. Josh Gottheimer, the U.S. representative for New Jersey’s 5th congressional district, reported selling shares of Microsoft Corporation (NASDAQ:MSFT) on March 7 worth somewhere between $500,001 and $1,000,000. The trade took place on February 10. 

Jefferies analyst Brent Thill on March 16 noted the strength of Microsoft Corporation (NASDAQ:MSFT)’s emerging Power Platform, which addresses the low-code market. He believes the long-term user opportunity is 1 billion-plus, as compared to under 20 million users today. He reiterated a Buy rating and a $400 price target on Microsoft Corporation (NASDAQ:MSFT) shares.

Among the hedge funds tracked by Insider Monkey, 262 funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 250 funds in the prior quarter. Arrowstreet Capital is the biggest shareholder of the company, with more than 17 million shares worth $5.7 billion. 

Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter, following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue growing 20% in constant currency, beating Street estimates by 3%; an acceleration in Commercial Cloud revenue to 34% constant-currency growth; operating margins expanding to just under 45%; earnings growth of 23%; and free cash flow growth of 30%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by total addressable market expansion and continued market share gains across its disruptive cloud product portfolio.”

You can also take a look at 10 Value Stocks Hedge Funds Like in 2022 and 10 Stocks to Buy Before the Next Recession. 

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