State Street Corp Sells 8,552,082 Shares of News Corporation $NWSA
MarketBeat
State Street Corp reduced its stake in News Corporation (NASDAQ:NWSA) by 22% during the second quarter, selling over 8.5 million shares but still retaining a significant holding worth approximately $751.5 million. Despite this sale, analysts maintain a "Moderate Buy" consensus for NWSA, with an average price target of $38.50. News Corp recently exceeded quarterly earnings expectations, reporting $0.35 EPS against a $0.21 consensus and achieving 10.8% year-over-year revenue growth.
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