E Fund Management Hong Kong Co. Ltd. Buys 43 Shares of Strategy Inc $MSTR

E Fund Management Hong Kong Co. Ltd. lifted its stake in Strategy Inc (NASDAQ:MSTR) by 57.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 118 shares of the software maker’s stock after purchasing an additional 43 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Strategy were worth $48,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE increased its position in Strategy by 17.7% during the 2nd quarter. US Bancorp DE now owns 15,384 shares of the software maker’s stock valued at $6,219,000 after buying an additional 2,310 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Strategy by 12.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker’s stock valued at $4,907,000 after buying an additional 1,321 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Strategy by 27.9% during the 2nd quarter. Clear Creek Financial Management LLC now owns 1,475 shares of the software maker’s stock valued at $596,000 after buying an additional 322 shares in the last quarter. Shariaportfolio Inc. increased its position in Strategy by 2.9% during the 2nd quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker’s stock valued at $36,436,000 after buying an additional 2,541 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Strategy by 6.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the software maker’s stock valued at $7,519,000 after buying an additional 1,200 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho upped their target price on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research note on Wednesday. Benchmark reiterated a “buy” rating on shares of Strategy in a research note on Wednesday, August 13th. TD Cowen dropped their price target on Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $464.00 price target on shares of Strategy in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.54.

Insider Transactions at Strategy

In related news, Director Gregg Winiarski bought 10,000 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $976,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $355.79, for a total value of $3,557,900.00. Following the completion of the sale, the executive vice president owned 12,726 shares in the company, valued at $4,527,783.54. The trade was a 44.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 99,650 shares valued at $41,427,476. 8.46% of the stock is owned by corporate insiders.

Strategy Stock Up 0.7%

Shares of MSTR opened at $330.80 on Thursday. Strategy Inc has a 52 week low of $178.00 and a 52 week high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $93.80 billion, a price-to-earnings ratio of 29.12 and a beta of 3.83. The stock’s 50-day moving average price is $347.86 and its 200-day moving average price is $362.95.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.68 million. During the same quarter in the prior year, the business earned ($5.74) earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

About Strategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.