FOX (NASDAQ:FOXA) Given New $47.00 Price Target at Deutsche Bank Aktiengesellschaft

FOX (NASDAQ:FOXA) had its price objective raised by Deutsche Bank Aktiengesellschaft from $42.00 to $47.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Loop Capital raised their price objective on shares of FOX from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upgraded FOX from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Macquarie upped their target price on FOX from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Rosenblatt Securities boosted their price objective on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average target price of $44.00.

FOX Stock Up 1.4 %

Shares of NASDAQ FOXA opened at $43.60 on Tuesday. The business’s fifty day moving average price is $41.44 and its 200-day moving average price is $37.42. FOX has a one year low of $28.28 and a one year high of $45.82. The stock has a market capitalization of $20.07 billion, a PE ratio of 10.66, a P/E/G ratio of 1.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last issued its 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 net margin of 10.74% and a return on equity of 15.57%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that FOX will post 3.69 EPS for the current year.

Insiders Place Their Bets

In other news, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other FOX news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $9,717,559.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lachlan K. Murdoch bought 119,705 shares of FOX stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 21.77% of the company’s stock.

Institutional Trading of FOX

A number of hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in FOX by 31.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after acquiring an additional 117,458 shares during the period. Jane Street Group LLC boosted its position in shares of FOX by 25.2% in the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock worth $4,362,000 after purchasing an additional 28,072 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in shares of FOX by 565.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock worth $745,000 after buying an additional 20,250 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in FOX during the first quarter valued at $609,000. Finally, SG Americas Securities LLC boosted its holdings in FOX by 89.6% in the first quarter. SG Americas Securities LLC now owns 50,354 shares of the company’s stock worth $1,575,000 after acquiring an additional 23,791 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

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.