News Co. (NASDAQ:NWSA) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 1,815.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,413,158 shares of the company's stock after acquiring an additional 1,339,379 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.25% of News worth $37,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Seelaus Asset Management LLC increased its position in shares of News by 3.8% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company's stock valued at $304,000 after buying an additional 417 shares in the last quarter. US Bancorp DE increased its holdings in shares of News by 2.4% during the first quarter. US Bancorp DE now owns 18,406 shares of the company's stock worth $482,000 after purchasing an additional 424 shares during the period. Fifth Third Bancorp increased its holdings in shares of News by 3.7% during the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company's stock worth $381,000 after purchasing an additional 496 shares during the period. Acadian Asset Management LLC increased its stake in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company's stock valued at $28,000 after acquiring an additional 506 shares during the last quarter. Finally, CWM LLC increased its stake in News by 7.8% in the second quarter. CWM LLC now owns 7,339 shares of the company's stock valued at $202,000 after acquiring an additional 532 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Loop Capital boosted their target price on shares of News from $38.00 to $39.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. StockNews.com downgraded shares of News from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Guggenheim increased their target price on shares of News from $36.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of News from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, News currently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

News Trading Down 0.2 %

Shares of NASDAQ NWSA traded down $0.05 during mid-day trading on Friday, reaching $29.49. The company had a trading volume of 3,411,509 shares, compared to its average volume of 2,671,141. The business's 50-day moving average is $27.06 and its 200-day moving average is $27.06. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 47.52 and a beta of 1.34. News Co. has a 52 week low of $21.52 and a 52 week high of $30.03.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.