75,000 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Sora Investors LLC

Sora Investors LLC acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 75,000 shares of the company's stock, valued at approximately $3,175,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock worth $335,066,000 after acquiring an additional 7,897,710 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of FOX by 228.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock worth $58,716,000 after purchasing an additional 964,737 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of FOX by 1,727.2% in the 2nd quarter. Retirement Systems of Alabama now owns 965,066 shares of the company's stock worth $33,169,000 after purchasing an additional 912,250 shares during the last quarter. AXA S.A. boosted its position in FOX by 294.2% during the 2nd quarter. AXA S.A. now owns 888,476 shares of the company's stock valued at $30,537,000 after purchasing an additional 663,089 shares during the period. Finally, Independent Franchise Partners LLP grew its stake in FOX by 3.3% during the 2nd quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock worth $635,706,000 after buying an additional 597,450 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Price Performance

Shares of FOXA traded down $0.10 during trading hours on Friday, hitting $46.55. 1,371,515 shares of the company were exchanged, compared to its average volume of 3,066,527. The firm has a fifty day simple moving average of $43.87 and a 200-day simple moving average of $39.48. The company has a market capitalization of $21.26 billion, a PE ratio of 11.41, a PEG ratio of 1.19 and a beta of 0.77. 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 Co. has a one year low of $28.28 and a one year high of $47.58.

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. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same quarter last year, the business posted $1.09 EPS. FOX's revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Fox Co. will post 3.94 earnings per share for the current year.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of the business'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 transaction of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, 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 90 days. 21.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FOXA has been the subject of several analyst reports. Cfra reissued a "sell" rating on shares of FOX in a report on Wednesday, September 25th. Guggenheim raised their target price on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barclays boosted their price target on FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. UBS Group raised their price target on FOX from $44.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.