Nielsen Holdings PLC (NYSE:NLSN) Stock Holdings Lowered by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its holdings in Nielsen Holdings PLC (NYSE:NLSN) by 20.9% during the third quarter, Holdings Channel reports. The firm owned 29,638 shares of the business services provider’s stock after selling 7,810 shares during the period. Wealthfront Advisers LLC’s holdings in Nielsen were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its position in Nielsen by 2.7% during the second quarter. CIBC Asset Management Inc now owns 22,353 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 592 shares in the last quarter. Bank of The West lifted its stake in shares of Nielsen by 4.9% in the second quarter. Bank of The West now owns 15,054 shares of the business services provider’s stock worth $340,000 after buying an additional 706 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in shares of Nielsen by 66.5% in the second quarter. CSat Investment Advisory L.P. now owns 1,998 shares of the business services provider’s stock worth $45,000 after buying an additional 798 shares during the last quarter. Private Capital Group LLC lifted its stake in shares of Nielsen by 2,265.9% in the second quarter. Private Capital Group LLC now owns 970 shares of the business services provider’s stock worth $30,000 after buying an additional 929 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in shares of Nielsen by 6.0% in the second quarter. Riverhead Capital Management LLC now owns 16,891 shares of the business services provider’s stock worth $382,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.

A number of brokerages have recently weighed in on NLSN. Morgan Stanley reduced their price objective on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Citigroup set a $28.00 target price on shares of Nielsen and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.33.

NYSE:NLSN traded up $0.27 during trading hours on Friday, hitting $20.88. 2,851,025 shares of the company traded hands, compared to its average volume of 2,714,932. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.02 and a beta of 0.92. Nielsen Holdings PLC has a twelve month low of $19.86 and a twelve month high of $28.50. The firm has a 50-day moving average of $21.34 and a 200 day moving average of $22.90. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.90.

Nielsen (NYSE:NLSN) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Nielsen had a negative net margin of 10.70% and a positive return on equity of 18.97%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities research analysts predict that Nielsen Holdings PLC will post 1.69 earnings per share for the current fiscal year.

Nielsen Company Profile

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.

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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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