Swiss National Bank Bolsters Holdings in News Corporation Stock

The Swiss National Bank (SNB) has increased its holdings in News Corporation's stock by acquiring an additional 71,800 shares in the first quarter of this year. This brings their total holdings to 1,099,075 shares, representing a 7% increase from the previous quarter.

The value of these shares is approximately $27.4 million as of the SNB's most recent Securities and Exchange Commission (SEC) filing. News Corporation operates through two main segments: News and Information Services, and Digital Real Estate Services. Its journalism assets include Dow Jones and its titles such as The Wall Street Journal and Barron's.

Other institutional investors have also made changes to their positions in News Corporation during the first quarter. Watershed Asset Management L.L.C., for example, acquired a new stake valued at $461,000. Analysts have given News Corporation an average price target of $37.14 with a consensus rating of 'Buy'.