Parnassus Investments CA lessened its holdings in Nielsen Holdings PLC (NYSE:NLSN) by 68.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,756,562 shares of the business services provider’s stock after selling 3,873,770 shares during the period. Parnassus Investments CA owned approximately 0.49% of Nielsen worth $40,981,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Investment Consultants LLC bought a new position in Nielsen in the fourth quarter valued at $206,000. ETF Managers Group LLC increased its stake in Nielsen by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,100 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 558 shares during the last quarter. TD Asset Management Inc. increased its stake in Nielsen by 8.1% in the fourth quarter. TD Asset Management Inc. now owns 153,597 shares of the business services provider’s stock valued at $3,584,000 after acquiring an additional 11,573 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Nielsen by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 487,394 shares of the business services provider’s stock valued at $11,371,000 after acquiring an additional 4,546 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in Nielsen by 58.4% in the fourth quarter. First Mercantile Trust Co. now owns 10,850 shares of the business services provider’s stock valued at $253,000 after acquiring an additional 4,000 shares during the last quarter.
NYSE NLSN opened at $26.23 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.97. Nielsen Holdings PLC has a 12-month low of $20.53 and a 12-month high of $34.86. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95.
NLSN has been the topic of a number of research analyst reports. ValuEngine raised Nielsen from a “strong sell” rating to a “sell” rating in a research note on Monday, October 22nd. SunTrust Banks cut their price target on shares of Nielsen from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Zacks Investment Research restated a “sell” rating on shares of Nielsen in a research report on Wednesday, November 14th. Credit Suisse Group began coverage on shares of Nielsen in a research report on Friday, December 7th. They set a “neutral” rating and a $29.00 price target for the company. Finally, Morgan Stanley set a $26.00 price target on shares of Nielsen and gave the company a “buy” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.
In other Nielsen news, SVP Jeffrey Charlton sold 6,337 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $27.46, for a total transaction of $174,014.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.
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Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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