News Co. (NASDAQ:NWSA) Stock Position Lifted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in News Co. (NASDAQ:NWSA) by 1,815.4% in the third quarter, Holdings Channel reports. 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.’s holdings in News were worth $37,632,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of News during the second quarter worth $26,000. Acadian Asset Management LLC raised its stake in shares of 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 purchasing an additional 506 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of News during the 2nd quarter valued at about $46,000. Covestor Ltd grew its stake in shares of News by 125.8% in the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock valued at $45,000 after buying an additional 962 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in News in the second quarter worth approximately $73,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

Shares of NWSA opened at $29.55 on Friday. The company has a market capitalization of $16.80 billion, a PE ratio of 47.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News Co. has a one year low of $21.52 and a one year high of $30.03. The company’s fifty day moving average price is $26.99 and its 200 day moving average price is $27.04.

Analyst Upgrades and Downgrades

NWSA has been the subject of several recent research reports. Loop Capital boosted their target price on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Guggenheim upped their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, News presently has an average rating of “Moderate Buy” and an average target price of $38.67.

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.