ING Groep NV Has $420,000 Holdings in News Co. (NASDAQ:NWS)

ING Groep NV lowered its position in News Co. (NASDAQ:NWS) by 78.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,013 shares of the company’s stock after selling 55,382 shares during the period. ING Groep NV’s holdings in News were worth $420,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Covestor Ltd grew its holdings in News by 69.9% during the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after acquiring an additional 494 shares during the period. Blue Trust Inc. increased its holdings in News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in News in the first quarter valued at approximately $76,000. ORG Wealth Partners LLC bought a new position in shares of News during the 3rd quarter worth approximately $80,000. Finally, ORG Partners LLC acquired a new stake in shares of News during the 2nd quarter worth approximately $81,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of News stock opened at $31.69 on Monday. The business has a 50-day simple moving average of $28.49 and a 200 day simple moving average of $28.10. News Co. has a one year low of $21.75 and a one year high of $32.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 51.11 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Company 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.