News Corporation $NWS Shares Purchased by XY Capital Ltd

XY Capital Ltd raised its holdings in shares of News Corporation (NASDAQ:NWS) by 1,154.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,142 shares of the company’s stock after purchasing an additional 96,760 shares during the period. News comprises about 2.0% of XY Capital Ltd’s portfolio, making the stock its 11th largest holding. XY Capital Ltd’s holdings in News were worth $3,115,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NWS. NewEdge Advisors LLC bought a new stake in shares of News during the 2nd quarter valued at about $30,000. Smartleaf Asset Management LLC boosted its stake in News by 97.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock valued at $41,000 after acquiring an additional 580 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in News by 69.0% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock valued at $49,000 after acquiring an additional 665 shares during the period. V Square Quantitative Management LLC bought a new position in shares of News during the fourth quarter valued at approximately $68,000. Finally, Covestor Ltd raised its position in shares of News by 616.8% during the 4th quarter. Covestor Ltd now owns 3,068 shares of the company’s stock worth $91,000 after purchasing an additional 2,640 shares during the period. 14.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NWS has been the subject of a number of analyst reports. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

News Price Performance

Shares of NASDAQ:NWS opened at $30.13 on Friday. The firm’s 50 day moving average is $29.91 and its two-hundred day moving average is $29.07. The firm has a market capitalization of $16.49 billion, a P/E ratio of 14.99 and a beta of 0.87. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.58.

News (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. News had a return on equity of 6.12% and a net margin of 12.92%.The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.12 billion. Analysts anticipate that News Corporation will post 0.96 earnings per share for the current year.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.