16,253 Shares in Fox Co. (NASDAQ:FOXA) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new position in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,253 shares of the company's stock, valued at approximately $790,000.

Several other hedge funds also recently modified their holdings of FOXA. Independent Franchise Partners LLP raised its holdings in shares of FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock valued at $635,706,000 after buying an additional 597,450 shares during the last quarter. Pacer Advisors Inc. raised its holdings in FOX by 44,205.3% in the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock worth $335,066,000 after purchasing an additional 7,897,710 shares during the period. Dimensional Fund Advisors LP grew its stake in FOX by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company's stock valued at $129,180,000 after acquiring an additional 268,778 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of FOX by 25.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock worth $83,208,000 after acquiring an additional 492,467 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in FOX by 228.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock valued at $58,716,000 after buying an additional 964,737 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FOXA has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. UBS Group upped their target price on FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Barclays increased their target price on shares of FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Finally, Macquarie reissued a "neutral" rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.00.

FOX Price Performance

Shares of NASDAQ:FOXA traded down $0.32 during mid-day trading on Monday, reaching $48.00. The stock had a trading volume of 3,970,549 shares, compared to its average volume of 2,980,282. The business's 50 day moving average price is $47.72 and its 200 day moving average price is $42.75. Fox Co. has a 1 year low of $28.28 and a 1 year high of $50.63. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.92 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the prior year, the firm earned $1.09 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that Fox Co. will post 4.08 EPS for the current fiscal year.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares of the company's stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock worth $20,822,072 over the last quarter. 21.77% of the stock is currently owned by insiders.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.