The New York Times Company $NYT Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its holdings in The New York Times Company (NYSE:NYT) by 77.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,924,396 shares of the company’s stock after buying an additional 838,305 shares during the period. Goldman Sachs Group Inc.’s holdings in New York Times were worth $133,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in New York Times by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 4,769,973 shares of the company’s stock worth $273,796,000 after buying an additional 209,616 shares during the last quarter. AQR Capital Management LLC boosted its stake in New York Times by 10.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,613,289 shares of the company’s stock worth $264,803,000 after buying an additional 425,401 shares during the last quarter. Geode Capital Management LLC boosted its stake in New York Times by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,922,565 shares of the company’s stock worth $272,347,000 after buying an additional 50,389 shares during the last quarter. Two Sigma Investments LP boosted its stake in New York Times by 98.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,055,628 shares of the company’s stock worth $117,993,000 after buying an additional 1,020,031 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in New York Times by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 1,692,846 shares of the company’s stock worth $97,169,000 after buying an additional 4,782 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting New York Times

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

• Positive Sentiment: The New York Times continued to publish high-interest coverage across major news, politics, business and culture topics, including Iran-Israel tensions, AI in medicine, and the Tony Awards, which helps support audience engagement and subscription demand.
• Positive Sentiment: Several stories were part of The Athletic and other premium coverage areas, reinforcing the value of NYT’s subscription bundle and its broader digital content offering.
• Neutral Sentiment: Multiple articles focused on one-off events and general news rather than company-specific developments, so they are unlikely to materially affect revenue or earnings in the near term.
• Neutral Sentiment: No new earnings update, guidance change, major acquisition, or management announcement was included in the latest items.
• Negative Sentiment: The stock’s weakness appears more tied to broader market rotation or profit-taking than to any clearly negative NYT-specific news in the provided articles.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America assumed coverage on New York Times in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $84.00 price target on the stock. Wall Street Zen raised New York Times from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Citigroup raised their price target on New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Barclays raised their price target on New York Times from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $90.00 price objective on New York Times in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, New York Times presently has a consensus rating of “Moderate Buy” and an average price target of $81.67.

New York Times Stock Performance

NYT opened at $73.91 on Tuesday. The firm has a 50 day moving average price of $78.96 and a 200 day moving average price of $74.68. The company has a market cap of $11.96 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The New York Times Company has a 1 year low of $51.03 and a 1 year high of $87.10.

New York Times (NYSE:NYT) last posted its earnings results on Wednesday, May 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The firm had revenue of $712.24 million during the quarter, compared to the consensus estimate of $699.93 million. New York Times had a net margin of 13.18% and a return on equity of 22.02%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, sell-side analysts predict that The New York Times Company will post 2.93 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David S. Perpich sold 9,000 shares of the 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 sale, the director owned 28,469 shares of the company’s stock, valued at approximately $2,193,821.14. This represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacqueline M. Welch sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $74.14, for a total transaction of $296,560.00. Following the sale, the executive vice president directly owned 23,873 shares of the company’s stock, valued at approximately $1,769,944.22. This trade represents a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,121 shares of company stock valued at $1,310,920. 1.90% of the stock is currently owned by corporate insiders.

About New York Times

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.