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

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in News Co. (NASDAQ:NWSA) by 1,815.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,413,158 shares of the company’s stock after buying an additional 1,339,379 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.25% of News worth $37,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its stake in News by 2.4% during the first quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after purchasing an additional 424 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of News during the 1st quarter valued at about $220,000. Covestor Ltd raised its stake in News by 125.8% during the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after acquiring an additional 962 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in News by 32.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,765 shares of the company’s stock worth $360,000 after acquiring an additional 3,382 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in News in the first quarter valued at approximately $286,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several recent research reports. JPMorgan Chase & Co. raised 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. Guggenheim raised their target price on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Loop Capital lifted their price objective on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

News Trading Up 1.4 %

NASDAQ:NWSA opened at $29.55 on Friday. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of 47.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News Co. has a 1 year low of $21.52 and a 1 year high of $30.03. The business has a fifty day moving average of $26.99 and a 200-day moving average of $27.04.

News 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.