Inceptionr LLC reduced its holdings in shares of News Corporation (NASDAQ:NWSA – Free Report) by 57.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,301 shares of the company’s stock after selling 41,780 shares during the quarter. Inceptionr LLC’s holdings in News were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of News in the second quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of News during the 3rd quarter worth approximately $31,000. Advisory Services Network LLC purchased a new stake in News in the 3rd quarter valued at approximately $35,000. Brown Brothers Harriman & Co. lifted its stake in News by 154.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock valued at $39,000 after buying an additional 780 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in News by 561.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock valued at $45,000 after buying an additional 1,470 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.
News Trading Up 1.6%
Shares of News stock opened at $26.76 on Friday. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The firm has a market cap of $14.65 billion, a PE ratio of 13.31 and a beta of 0.89. The business’s fifty day moving average is $26.45 and its two-hundred day moving average is $25.57. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NWSA. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price objective on shares of News in a research note on Sunday, May 10th. Citigroup dropped their price objective on News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $37.14.
Get Our Latest Analysis on NWSA
About News
News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.
In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.
See Also
- Five stocks we like better than News
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Corporation (NASDAQ:NWSA – Free Report).
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.
