The New York Times Company (NYSE:NYT – Get Free Report) EVP William Bardeen sold 4,121 shares of New York Times stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total transaction of $320,819.85. Following the completion of the sale, the executive vice president owned 14,560 shares of the company’s stock, valued at $1,133,496. This trade represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
William Bardeen also recently made the following trade(s):
- On Tuesday, March 3rd, William Bardeen sold 13,000 shares of New York Times stock. The stock was sold at an average price of $79.56, for a total transaction of $1,034,280.00.
New York Times Trading Down 1.5%
Shares of New York Times stock opened at $74.36 on Friday. The firm’s 50 day simple moving average is $80.79 and its two-hundred day simple moving average is $72.89. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.56 and a beta of 0.98. The New York Times Company has a 12-month low of $51.03 and a 12-month high of $87.10.
Institutional Trading of New York Times
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP increased its holdings in shares of New York Times by 233.4% during the 3rd quarter. Quantbot Technologies LP now owns 63,083 shares of the company’s stock valued at $3,621,000 after purchasing an additional 44,161 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in New York Times by 28.4% in the third quarter. Envestnet Asset Management Inc. now owns 142,642 shares of the company’s stock valued at $8,188,000 after buying an additional 31,507 shares in the last quarter. Intech Investment Management LLC increased its holdings in New York Times by 143.6% in the third quarter. Intech Investment Management LLC now owns 232,445 shares of the company’s stock valued at $13,342,000 after buying an additional 137,037 shares in the last quarter. Long Corridor Asset Management Ltd raised its position in shares of New York Times by 14.5% in the third quarter. Long Corridor Asset Management Ltd now owns 157,500 shares of the company’s stock worth $9,040,000 after acquiring an additional 20,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of New York Times by 35.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 94,722 shares of the company’s stock worth $5,428,000 after acquiring an additional 24,574 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting New York Times
Here are the key news stories impacting New York Times this week:
- Negative Sentiment: EVP William Bardeen sold 4,121 shares of NYT stock at an average price of $77.85, which investors may read as a mild negative signal even though insider sales can happen for many reasons. SEC insider transaction filing
- Positive Sentiment: Recent third-party coverage from Zacks called The New York Times Company a top long-term growth stock, reinforcing the bullish view that NYT’s subscription-driven digital model can keep compounding over time. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
- Positive Sentiment: MarketBeat highlighted Berkshire Hathaway’s long-running stake in NYT, which can support confidence in the stock’s long-term value and durability. How Berkshire’s New York Times Bet Looks Today
- Neutral Sentiment: The company’s recent headlines were mainly editorial in nature — politics, world news, business, and culture coverage — which may help engagement but do not directly change earnings expectations in the near term. Trump Touts ‘Fantastic Trade Deals’ With China, but Details Are Scarce
Wall Street Analyst Weigh In
Several analysts have weighed in on NYT shares. Citigroup boosted their price target on New York Times from $77.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $95.00 target price on shares of New York Times in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Barclays raised their price target on shares of New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Guggenheim lifted their price objective on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.78.
Read Our Latest Stock Analysis on NYT
About New York Times
The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.
Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.
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