Baader Bank Aktiengesellschaft Buys 14,764 Shares of Fox Corporation (NASDAQ:FOXA)

Baader Bank Aktiengesellschaft increased its holdings in Fox Corporation (NASDAQ:FOXA - Free Report) by 107.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,535 shares of the company's stock after buying an additional 14,764 shares during the period. Baader Bank Aktiengesellschaft's holdings in FOX were worth $1,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its holdings in shares of FOX by 133.8% in the 4th quarter. LPL Financial LLC now owns 43,791 shares of the company's stock worth $2,127,000 after purchasing an additional 25,060 shares in the last quarter. Korea Investment CORP raised its holdings in shares of FOX by 100.6% in the 4th quarter. Korea Investment CORP now owns 168,364 shares of the company's stock worth $8,179,000 after purchasing an additional 84,454 shares in the last quarter. Norges Bank bought a new stake in shares of FOX in the 4th quarter worth approximately $132,161,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of FOX by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 69,520 shares of the company's stock worth $3,377,000 after purchasing an additional 438 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of FOX by 56.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 255,773 shares of the company's stock worth $12,425,000 after purchasing an additional 91,846 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. UBS Group set a $65.00 price objective on shares of FOX and gave the stock a "buy" rating in a report on Wednesday, June 25th. Loop Capital raised their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Bank of America raised their price objective on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Cowen reaffirmed a "hold" rating on shares of FOX in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $53.53.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.77% of the company's stock.

FOX Trading Down 0.8%

Shares of FOXA stock traded down $0.46 during trading hours on Wednesday, hitting $55.46. 3,218,952 shares of the company were exchanged, compared to its average volume of 2,655,842. The firm has a market cap of $24.94 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.25 and a beta of 0.51. Fox Corporation has a fifty-two week low of $36.09 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The company has a 50 day simple moving average of $55.41 and a two-hundred day simple moving average of $53.35.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business's revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Equities analysts anticipate that Fox Corporation will post 4.38 EPS for the current year.

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.