Axa S.A. Has $1.65 Million Stake in News Co. (NASDAQ:NWSA)

AXA S.A. lifted its holdings in News Co. (NASDAQ:NWSA - Free Report) by 89.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,732 shares of the company's stock after purchasing an additional 28,264 shares during the quarter. AXA S.A.'s holdings in News were worth $1,645,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NWSA. Barclays PLC increased its stake in News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after buying an additional 8,144,856 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of News in the fourth quarter valued at approximately $374,000. Principal Financial Group Inc. increased its stake in shares of News by 2.9% during the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company's stock valued at $11,594,000 after acquiring an additional 12,345 shares during the period. Assenagon Asset Management S.A. raised its holdings in News by 374.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company's stock worth $59,488,000 after purchasing an additional 1,704,944 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in News by 204.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company's stock valued at $9,447,000 after purchasing an additional 231,056 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley cut their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. StockNews.com downgraded shares of News from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seaport Res Ptn upgraded News to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Guggenheim lifted their target price on News from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $38.80.

News Stock Down 1.5 %

NASDAQ:NWSA traded down $0.42 during trading hours on Friday, hitting $28.06. 4,454,906 shares of the stock traded hands, compared to its average volume of 2,790,913. The firm has a 50 day moving average price of $26.72 and a 200 day moving average price of $27.83. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 38.44 and a beta of 1.30. News Co. has a fifty-two week low of $23.38 and a fifty-two week high of $30.69. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.31% and a net margin of 4.22%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the company posted $0.13 earnings per share. The firm's revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that News Co. will post 0.94 earnings per share for the current year.

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.