Nielsen Hldg Shares Down 3.1% After Insider Selling (NLSN)
Nielsen Hldg (NASDAQ:NLSN)’s share price was down 3.1% on Tuesday following insider selling activity, Stock Ratings Network reports. The company traded as low as $46.24 and last traded at $47.28, with a volume of 2,229,321 shares trading hands. The stock had previously closed at $48.77.
Specifically, Insider Stephen Hasker unloaded 20,000 shares of Nielsen Hldg stock on the open market in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $47.77, for a total transaction of $955,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Pivotal Research downgraded shares of Nielsen Hldg from a “buy” rating to a “hold” rating in a research note on Thursday, July 17th. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Nielsen Hldg in a research note on Thursday, June 19th. They now have a $53.00 price target on the stock, up previously from $51.00. Finally, analysts at Barclays initiated coverage on shares of Nielsen Hldg in a research note on Wednesday, May 14th. They set an “overweight” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.44.
The stock’s 50-day moving average is $48.12 and its 200-day moving average is $46.1. The company has a market cap of $17.896 billion and a P/E ratio of 24.51.
Nielsen Hldg (NASDAQ:NLSN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that Nielsen Hldg will post $2.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Investors of record on Thursday, August 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.12%.
Nielsen Holdings NV is a Netherlands-based company engaged in information and measurement services. The Company, together with its subsidiaries, delivers media and marketing information, and analytics on a global and local basis.
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