News Corporation $NWSA is Inceptionr LLC’s 7th Largest Position

Inceptionr LLC lifted its stake in News Corporation (NASDAQ:NWSA) by 48.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 73,081 shares of the company’s stock after purchasing an additional 23,926 shares during the period. News accounts for 0.5% of Inceptionr LLC’s holdings, making the stock its 7th biggest position. Inceptionr LLC’s holdings in News were worth $1,909,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in News during the fourth quarter valued at approximately $188,788,000. AQR Capital Management LLC boosted its position in shares of News by 488.0% in the second quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock worth $241,054,000 after purchasing an additional 6,742,836 shares during the period. State Street Corp boosted its position in shares of News by 16.5% during the third quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after acquiring an additional 4,448,929 shares during the last quarter. Barclays PLC boosted its position in shares of News by 39.5% during the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock worth $456,830,000 after acquiring an additional 4,214,562 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of News by 46.6% during the third quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock worth $236,662,000 after acquiring an additional 2,449,552 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NWSA. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price target on shares of News in a research note on Sunday, May 10th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citigroup cut their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.14.

News Stock Down 0.8%

NASDAQ:NWSA opened at $26.97 on Thursday. The firm has a market capitalization of $14.76 billion, a P/E ratio of 13.42 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The company’s fifty day moving average price is $25.99 and its 200-day moving average price is $25.45. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. As a group, equities research analysts anticipate that News Corporation will post 0.92 EPS for the current year.

News Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.