JPMorgan Chase & Co. Raises Stock Holdings in News Co. (NASDAQ:NWSA)

JPMorgan Chase & Co. boosted its stake in shares of News Co. (NASDAQ:NWSA) by 30.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,458,869 shares of the company’s stock after buying an additional 338,958 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of News worth $38,850,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of News during the third quarter worth about $39,000. ORG Wealth Partners LLC purchased a new position in shares of News in the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB acquired a new position in shares of News in the third quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC boosted its position in News by 1,419.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after buying an additional 4,713 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several recent research reports. Guggenheim upped their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Finally, Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $39.33.

News Stock Performance

NASDAQ NWSA opened at $27.55 on Monday. The company has a fifty day moving average of $28.53 and a two-hundred day moving average of $27.54. The company has a market capitalization of $15.67 billion, a PE ratio of 44.44 and a beta of 1.35. News Co. has a 1 year low of $22.65 and a 1 year high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

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.