Baader Bank Aktiengesellschaft Acquires Shares of 13,771 Fox Co. (NASDAQ:FOXA)

Baader Bank Aktiengesellschaft bought a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,771 shares of the company’s stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after buying an additional 110,753 shares in the last quarter. Entropy Technologies LP purchased a new stake in FOX during the third quarter worth $546,000. Invst LLC bought a new stake in FOX during the 3rd quarter valued at $740,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of FOX in the 3rd quarter valued at $2,867,000. Finally, Park Avenue Securities LLC raised its position in shares of FOX by 32.4% in the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after acquiring an additional 3,787 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOXA opened at $51.02 on Friday. Fox Co. has a 52 week low of $28.28 and a 52 week high of $51.08. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm has a market cap of $23.30 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 0.75. The business’s 50 day moving average price is $48.17 and its 200 day moving average price is $43.47.

FOX (NASDAQ:FOXA) last released its quarterly earnings data 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 net margin of 13.40% and a return on equity of 16.49%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Fox Co. will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FOXA. Barclays lifted their target price on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Loop Capital boosted their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Guggenheim raised their target price on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and set a $43.00 price target on shares of FOX in a research report on Tuesday, November 5th. Finally, Bank of America raised their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, FOX currently has an average rating of “Hold” and a consensus target price of $48.25.

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.