Vident Investment Advisory LLC Invests $690,000 in Nielsen N.V. (NLSN) Stock
Vident Investment Advisory LLC purchased a new stake in shares of Nielsen N.V. (NYSE:NLSN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,658 shares of the business services provider’s stock, valued at approximately $690,000.
Other hedge funds have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its stake in shares of Nielsen by 1.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 293,286 shares of the business services provider’s stock worth $12,157,000 after buying an additional 3,583 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Nielsen by 6.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 24,609 shares of the business services provider’s stock worth $1,020,000 after buying an additional 1,563 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of Nielsen by 5.5% in the third quarter. First Republic Investment Management Inc. now owns 54,624 shares of the business services provider’s stock worth $2,265,000 after buying an additional 2,836 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Nielsen by 5,902.0% in the third quarter. Asset Management One Co. Ltd. now owns 524,211 shares of the business services provider’s stock worth $21,728,000 after buying an additional 515,477 shares during the last quarter. Finally, Platinum Investment Management Ltd. increased its stake in shares of Nielsen by 14.1% in the third quarter. Platinum Investment Management Ltd. now owns 2,893,140 shares of the business services provider’s stock worth $119,920,000 after buying an additional 358,100 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on NLSN shares. BidaskClub lowered shares of Nielsen from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Morgan Stanley reduced their price target on shares of Nielsen from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Pivotal Research reissued a “hold” rating and set a $38.00 price target on shares of Nielsen in a report on Sunday, September 10th. Goldman Sachs Group started coverage on shares of Nielsen in a report on Wednesday, November 8th. They issued a “neutral” rating and a $40.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Nielsen in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.60.
In other news, CEO Dwight Barns purchased 13,631 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $36.86 per share, with a total value of $502,438.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey Charlton sold 3,080 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $36.01, for a total value of $110,910.80. Following the completion of the sale, the senior vice president now directly owns 10,100 shares of the company’s stock, valued at approximately $363,701. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.
Shares of Nielsen N.V. (NYSE:NLSN) traded up $0.62 on Friday, hitting $37.22. The stock had a trading volume of 11,274,760 shares, compared to its average volume of 3,113,254. The firm has a market cap of $13,035.75, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Nielsen N.V. has a one year low of $34.22 and a one year high of $45.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.88.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.65%. Nielsen’s dividend payout ratio is 95.78%.
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Nielsen Company Profile
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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