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8,898 Shares in Fox Co. (NASDAQ:FOX) Acquired by Avanza Fonder AB

FOX logo with Consumer Discretionary background

Avanza Fonder AB bought a new stake in Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,898 shares of the company's stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its holdings in shares of FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the period. Intact Investment Management Inc. purchased a new position in shares of FOX during the third quarter worth $74,000. Exchange Traded Concepts LLC acquired a new position in FOX during the third quarter valued at $128,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in FOX by 1,269.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company's stock valued at $138,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in FOX during the 2nd quarter worth about $136,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays raised FOX to a "hold" rating in a report on Wednesday, October 9th.

View Our Latest Stock Analysis on FOX

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of FOX 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 owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,053,505 shares of company stock valued at $47,705,970. Corporate insiders own 23.06% of the company's stock.

FOX Stock Performance

FOX stock traded down $0.28 during mid-day trading on Monday, hitting $45.66. The company had a trading volume of 816,999 shares, compared to its average volume of 881,128. 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 capitalization of $20.85 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.66 and a beta of 0.81. The company's fifty day moving average is $45.13 and its 200-day moving average is $39.93. Fox Co. has a 12-month low of $25.82 and a 12-month high of $47.80.

FOX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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