1
Dan Loeb‘s Third Point LLC has gradually reduced its stake in tech giant Microsoft Corporation (NASDAQ:MSFT) over the last year, lowering the stake by 3x since the fourth quarter of 2023.
Details: According to recent 13F filings, reflecting his holding as of Dec. 31, 2024, Loeb slashed his stake in the company from 870,000 shares in the third quarter of 2024 to 600,000. That’s a decline of around 31%.
This compares to 1.58 million shares as of the second quarter of 2024, 1.765 million shares as of the first quarter of 2024, and 2.015 million shares as of the fourth quarter of 2023.
- In January, Microsoft reported second-quarter EPS of $3.23, beating the $3.11 consensus estimate, and revenue of $69.6 billion, beating the $68.78 billion analyst consensus estimate.
- The company revealed transformative …
