Inceptionr LLC Has $1.91 Million Stake in News Corporation $NWSA

Inceptionr LLC lifted its holdings in shares of News Corporation (NASDAQ:NWSA) by 48.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,081 shares of the company’s stock after acquiring an additional 23,926 shares during the period. News makes up 0.5% of Inceptionr LLC’s holdings, making the stock its 7th biggest holding. Inceptionr LLC’s holdings in News were worth $1,909,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in News by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock worth $1,022,000 after purchasing an additional 1,950 shares in the last quarter. United Services Automobile Association purchased a new position in News in the first quarter valued at about $206,000. Empowered Funds LLC purchased a new stake in shares of News during the 1st quarter valued at approximately $204,000. Focus Partners Wealth lifted its stake in shares of News by 44.4% during the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after buying an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of News during the 2nd quarter valued at approximately $545,000. 66.97% of the stock is owned by institutional investors.

News Price Performance

NWSA stock opened at $26.97 on Thursday. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61. The company has a market cap of $14.76 billion, a P/E ratio of 13.42 and a beta of 0.88. The firm has a 50-day moving average of $25.99 and a 200 day moving average of $25.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the company posted $0.17 EPS. News’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that News Corporation will post 0.92 EPS for the current year.

Analyst Ratings Changes

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

About News

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.