New York Times (NYSE:NYT) EVP Sells $320,819.85 in Stock

The New York Times Company (NYSE:NYT) EVP William Bardeen sold 4,121 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $77.85, for a total transaction of $320,819.85. Following the sale, the executive vice president owned 14,560 shares of the company’s stock, valued at approximately $1,133,496. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

William Bardeen also recently made the following trade(s):

• On Tuesday, March 3rd, William Bardeen sold 13,000 shares of New York Times stock. The shares were sold at an average price of $79.56, for a total transaction of $1,034,280.00.

New York Times Stock Performance

Shares of NYSE NYT traded down $1.61 during midday trading on Thursday, reaching $75.39. 1,556,805 shares of the stock were exchanged, compared to its average volume of 2,275,412. The stock has a market capitalization of $12.16 billion, a P/E ratio of 32.35, a PEG ratio of 1.64 and a beta of 0.98. The company has a 50 day simple moving average of $81.05 and a 200 day simple moving average of $72.75. The New York Times Company has a twelve month low of $51.03 and a twelve month high of $87.10.

New York Times (NYSE:NYT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.12. The firm had revenue of $712.24 million for the quarter, compared to analysts’ expectations of $699.93 million. New York Times had a return on equity of 22.02% and a net margin of 13.18%.The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, research analysts expect that The New York Times Company will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NYT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Tuesday, April 21st. Barclays boosted their price target on shares of New York Times from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Citigroup increased their price objective on shares of New York Times from $77.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Guggenheim lifted their target price on shares of New York Times from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $90.00 price target on New York Times in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, New York Times presently has an average rating of “Moderate Buy” and an average price target of $80.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Navalign LLC acquired a new stake in New York Times during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of New York Times by 74.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 446 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of New York Times during the fourth quarter worth $32,000. SOA Wealth Advisors LLC. acquired a new stake in shares of New York Times in the fourth quarter valued at $34,000. Finally, Larson Financial Group LLC raised its stake in shares of New York Times by 59.6% in the third quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Trending Headlines about New York Times

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

• Positive Sentiment: Recent commentary highlighted that NYT’s core business remains solid, with strong first-quarter results, digital advertising growth, and continued subscriber gains, while potential AI licensing upside could add a new revenue stream. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality
• Positive Sentiment: Zacks also called NYT a strong momentum stock, reinforcing bullish sentiment around the shares. Why New York Times Co. (NYT) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: The company continued publishing high-profile journalism across politics, business, and culture, including several widely read stories from the last day. This supports NYT’s brand strength, but it is not a direct near-term stock catalyst.
• Neutral Sentiment: A director sold 9,000 shares in a disclosed transaction. Insider selling can weigh on sentiment, but this appears routine and not necessarily a major negative signal for the business. SEC filing
• Negative Sentiment: One outside analysis argued that NYT’s valuation may be running ahead of fundamentals, pointing to slowing growth and rising investment costs, which could keep pressure on the stock’s premium multiple. The New York Times: Q1 Was Strong, But The Valuation Looks Ahead Of Reality

New York Times Company Profile

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.