BNP Paribas Financial Markets Buys 114,542 Shares of News Co. (NASDAQ:NWS)

BNP Paribas Financial Markets increased its position in News Co. (NASDAQ:NWS - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365,124 shares of the company's stock after buying an additional 114,542 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of News worth $11,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NWS. Wilmington Savings Fund Society FSB raised its stake in News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock valued at $28,000 after buying an additional 517 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock valued at $37,000 after buying an additional 702 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in News in the 4th quarter worth about $43,000. Harvest Fund Management Co. Ltd lifted its stake in News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock valued at $61,000 after acquiring an additional 1,996 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock valued at $82,000 after acquiring an additional 497 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Stock Performance

Shares of NWS opened at $32.57 on Friday. The firm has a market capitalization of $18.48 billion, a P/E ratio of 44.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. News Co. has a one year low of $25.92 and a one year high of $35.25. The business has a fifty day moving average of $30.59 and a 200 day moving average of $31.20.

News (NASDAQ:NWS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, sell-side analysts anticipate that News Co. will post 1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

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.

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