News Co. (NASDAQ:NWSA) Shares Acquired by Fmr LLC

Fmr LLC increased its stake in shares of News Co. (NASDAQ:NWSA) by 381.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 192,936 shares of the company’s stock after purchasing an additional 152,864 shares during the period. Fmr LLC’s holdings in News were worth $5,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in shares of News in the first quarter worth approximately $261,000. CWM LLC raised its position in shares of 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 buying an additional 532 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of News in the second quarter worth about $289,000. ORG Partners LLC acquired a new position in News during the second quarter worth about $81,000. Finally, Assenagon Asset Management S.A. grew its stake in News by 230.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 268,326 shares of the company’s stock valued at $7,398,000 after acquiring an additional 187,222 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NWSA shares. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Tuesday. Loop Capital upped their target price on News from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Guggenheim upped their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $40.33.

News Price Performance

NWSA stock opened at $28.98 on Friday. News Co. has a 52-week low of $21.88 and a 52-week high of $30.03. The business has a fifty day moving average of $27.95 and a two-hundred day moving average of $27.45. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of 46.74 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

News Company Profile

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.