New York Times (NYSE:NYT) Director David Perpich Sells 9,000 Shares

The New York Times Company (NYSE:NYT) Director David Perpich sold 9,000 shares of New York Times stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $77.06, for a total transaction of $693,540.00. Following the completion of the transaction, the director owned 28,469 shares of the company’s stock, valued at $2,193,821.14. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

New York Times Trading Up 0.8%

New York Times stock opened at $77.94 on Wednesday. The New York Times Company has a 1-year low of $51.03 and a 1-year high of $87.10. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.63 and a beta of 0.98. The firm has a 50 day simple moving average of $81.11 and a 200 day simple moving average of $72.61.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The business had revenue of $712.24 million during the quarter, compared to analyst estimates of $699.93 million. During the same period in the previous year, the business earned $0.41 EPS. New York Times’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that The New York Times Company will post 2.88 EPS for the current year.

Institutional Trading of New York Times

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of New York Times by 35.3% during the 4th quarter. AQR Capital Management LLC now owns 6,241,489 shares of the company’s stock worth $433,284,000 after acquiring an additional 1,628,200 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of New York Times by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 5,211,824 shares of the company’s stock worth $361,805,000 after acquiring an additional 441,851 shares during the last quarter. Berkshire Hathaway Inc bought a new stake in shares of New York Times during the 4th quarter worth $351,664,000. State Street Corp lifted its holdings in shares of New York Times by 2.4% during the 4th quarter. State Street Corp now owns 5,027,198 shares of the company’s stock worth $348,988,000 after acquiring an additional 116,012 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of New York Times by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock worth $272,347,000 after acquiring an additional 50,389 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: A recent analysis said NYT had a strong first quarter, with digital advertising up 31.6% and subscriber growth still solid, even if growth is slowing. The report also noted potential upside from AI licensing and highlighted momentum in the core digital business. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality
• Positive Sentiment: Zacks also labeled The New York Times Company a strong momentum stock, which can support investor sentiment around the shares. Here’s Why New York Times Co. (NYT) is a Strong Momentum Stock
• Neutral Sentiment: The company published several high-profile articles across politics, business, sports, and culture, including coverage of inflation, U.S. politics, and major entertainment topics. These pieces reinforce NYT’s strong content output, but they are not immediate stock catalysts. Inflation Accelerates After Weeks of War in Iran
• Neutral Sentiment: Director David S. Perpich sold 9,000 shares at $77.06 each, a routine insider sale that may slightly weigh on sentiment, but it is not large enough to suggest a major change in the company’s outlook. SEC filing
• Negative Sentiment: One outside analysis warned that NYT’s valuation may be ahead of fundamentals, pointing to slowing revenue growth and higher costs tied to investments in video journalism. That keeps some pressure on the stock’s premium multiple. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore restated an “outperform” rating and set a $92.00 price target on shares of New York Times in a research report on Thursday, May 7th. Morgan Stanley set a $90.00 price target on shares of New York Times in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of New York Times from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $95.00 price target on shares of New York Times in a research report on Thursday, May 7th. Finally, Bank of America assumed coverage on shares of New York Times in a research report on Wednesday, April 22nd. They set a “neutral” rating and a $84.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.78.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.