Banco Santander S.A. Buys New Stake in News Co. (NASDAQ:NWSA)

Banco Santander S.A. acquired a new stake in shares of News Co. (NASDAQ:NWSA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 8,114 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in News by 1,815.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after buying an additional 1,339,379 shares in the last quarter. Metropolis Capital Ltd grew its holdings in shares of News by 8.9% in the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock valued at $180,528,000 after purchasing an additional 555,789 shares in the last quarter. ING Groep NV increased its position in News by 815.5% in the third quarter. ING Groep NV now owns 429,598 shares of the company’s stock worth $11,440,000 after purchasing an additional 382,671 shares during the last quarter. AQR Capital Management LLC raised its stake in News by 188.3% during the second quarter. AQR Capital Management LLC now owns 491,123 shares of the company’s stock valued at $13,540,000 after purchasing an additional 320,785 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of News by 812.6% in the 1st quarter. Jane Street Group LLC now owns 229,262 shares of the company’s stock worth $6,002,000 after buying an additional 204,141 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NASDAQ:NWSA opened at $29.49 on Friday. News Co. has a one year low of $21.52 and a one year high of $30.03. The firm’s 50 day simple moving average is $27.13 and its 200-day simple moving average is $27.09. The firm has a market cap of $16.77 billion, a PE ratio of 47.56 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Loop Capital raised their price objective on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Guggenheim increased their target price on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.