FOX (NASDAQ:FOXA) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Technical move: Fox shares crossed above their 50‑day moving average ($58.82), trading as high as $64.06 and last at $63.66, while the 200‑day MA sits at $64.39, putting the stock near that longer‑term technical level.
• Fundamentals: Fox beat quarterly estimates (EPS $0.82 vs. $0.47; revenue $5.18B vs. $5.02B), yet analysts' consensus remains a Hold with a $72.93 target price.
• Insider activity: Significant insider selling occurred recently—CEO Lachlan Murdoch sold 637,752 shares and insiders sold about 1,586,871 shares (~$91.9M) in the past 90 days, with insiders owning 19.68% of the stock.

Fox Corporation (NASDAQ:FOXA - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $58.82 and traded as high as $64.06. FOX shares last traded at $63.66, with a volume of 1,858,329 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of FOX from $74.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of FOX from $65.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Barclays reduced their price target on shares of FOX from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 5th. Wells Fargo & Company decreased their price target on FOX from $75.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, March 27th. Finally, Argus upgraded FOX to a "hold" rating in a report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus target price of $72.93.

FOX Stock Up 0.4%

The company has a fifty day moving average of $58.82 and a two-hundred day moving average of $64.39. The company has a market cap of $27.08 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 7.81 and a beta of 0.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.44 and a current ratio of 2.78.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.35. FOX had a return on equity of 18.14% and a net margin of 11.41%.The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. FOX's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a dividend of $0.28 per share. This represents a yield of 83.0%. The ex-dividend date was Wednesday, March 4th. FOX's dividend payout ratio is presently 13.46%.

Insider Buying and Selling at FOX

In other FOX news, CEO Lachlan K. Murdoch sold 637,752 shares of the company's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.20, for a total value of $37,117,166.40. Following the transaction, the chief executive officer owned 152 shares of the company's stock, valued at $8,846.40. This represents a 99.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John Nallen sold 216,806 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $57.68, for a total value of $12,505,370.08. Following the completion of the transaction, the chief operating officer directly owned 362,206 shares in the company, valued at $20,892,042.08. This trade represents a 37.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,586,871 shares of company stock worth $91,893,926 in the last 90 days. 19.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FOX

Several hedge funds have recently bought and sold shares of FOXA. PFA Pension Forsikringsaktieselskab bought a new position in FOX in the 4th quarter valued at $67,467,000. Ameriprise Financial Inc. grew its position in FOX by 72.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company's stock valued at $101,948,000 after acquiring an additional 762,645 shares during the last quarter. Lazard Asset Management LLC grew its position in FOX by 624.5% in the 2nd quarter. Lazard Asset Management LLC now owns 281,126 shares of the company's stock valued at $15,753,000 after acquiring an additional 242,321 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in FOX by 150.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 377,731 shares of the company's stock valued at $27,601,000 after acquiring an additional 227,209 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in FOX by 346.6% in the 4th quarter. SG Americas Securities LLC now owns 128,029 shares of the company's stock valued at $9,355,000 after acquiring an additional 99,363 shares during the last quarter. Institutional investors own 52.52% of the company's stock.

About FOX

Fox Corporation NASDAQ: FOXA is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp's operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.

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