Fox Co. (NASDAQ:FOXA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 22.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 822,132 shares of the company's stock after purchasing an additional 152,508 shares during the quarter. BNP Paribas Financial Markets owned 0.18% of FOX worth $34,801,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FOXA. Jane Street Group LLC raised its position in FOX by 25.2% in the first quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock valued at $4,362,000 after purchasing an additional 28,072 shares during the period. Swedbank AB acquired a new position in FOX during the 1st quarter worth about $4,466,000. DekaBank Deutsche Girozentrale boosted its holdings in FOX by 13.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 76,265 shares of the company's stock valued at $2,356,000 after acquiring an additional 9,130 shares during the period. Kathmere Capital Management LLC acquired a new position in FOX in the 2nd quarter valued at about $247,000. Finally, GAMMA Investing LLC increased its stake in FOX by 97.6% during the second quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock worth $115,000 after purchasing an additional 1,647 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value 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. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,352 shares of company stock worth $20,822,072. Company insiders own 21.77% of the company's stock.

FOX Stock Performance

Shares of FOXA stock traded up $0.41 during trading hours on Friday, hitting $47.12. The stock had a trading volume of 1,456,875 shares, compared to its average volume of 3,066,096. The stock's 50 day moving average is $43.50 and its 200 day moving average is $39.14. The firm has a market capitalization of $21.52 billion, a PE ratio of 11.52, a PEG ratio of 1.20 and a beta of 0.76. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. The firm had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. FOX's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, research analysts forecast that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on FOXA. Bank of America raised their price objective on shares of FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Loop Capital upped their price target on FOX from $43.00 to $46.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Macquarie reiterated a "neutral" rating and issued a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. Guggenheim upped their target price on shares of FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $44.00.

About FOX

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.