FOX (NASDAQ:FOXA) Shares Break Above Fifty Day Moving Average – What’s Next?

Fox Corporation (NASDAQ:FOXA)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $64.93 and traded as high as $68.04. FOX shares last traded at $67.10, with a volume of 9,424,019 shares traded.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Strong quarterly results: Fiscal Q1 adjusted EPS was $2.54, ahead of estimates of about $2.00, while revenue rose 22% year over year to $4.57 billion, topping forecasts of $4.32 billion. Fox Q1 fiscal 2027 results
• Positive Sentiment: Advertising drove the beat: Coverage attributed the results to World Cup broadcasts, midterm-election spending and Tubi, with advertising revenue reported up 47.4%. Political advertising exceeded $350 million across Fox’s portfolio. Fox Q1 earnings and advertising
• Positive Sentiment: Analysts lifted targets: JPMorgan raised its target to $83 and kept an Overweight rating; Deutsche Bank raised its target to $82 and maintained Buy. Bernstein raised its target to $74 but retained Market Perform. JPMorgan price-target report
• Negative Sentiment: Audience and valuation risks: CEO Lachlan Murdoch noted Fox News viewer fatigue as the midterm cycle winds down, amid year-over-year viewership declines. Separate coverage also suggested the stock may be fully priced after a large prior run-up, which could limit further upside. Fox News viewer fatigue

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein increased their price target on FOX from $73.00 to $74.00 and gave the company a “market perform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. Seaport Research Partners downgraded FOX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Wall Street Zen raised shares of FOX from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Rothschild & Co Redburn upgraded shares of FOX from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.16.

FOX Price Performance

The company has a current ratio of 3.79, a quick ratio of 2.99 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $64.93 and a 200 day simple moving average of $62.23. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, November 2nd. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.52. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.32 billion. FOX had a return on equity of 23.96% and a net margin of 11.30%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. On average, equities research analysts forecast that Fox Corporation will post 6.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lachlan Murdoch acquired 149,934 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $68.53 per share, for a total transaction of $10,274,977.02. Following the purchase, the chief executive officer owned 1,401,713 shares in the company, valued at $96,059,391.89. This represents a 11.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On FOX

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pictet Asset Management Holding SA raised its stake in shares of FOX by 112.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 493,559 shares of the company’s stock worth $30,921,000 after purchasing an additional 261,072 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of FOX during the 3rd quarter valued at about $736,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of FOX in the 3rd quarter valued at approximately $226,000. Calamos Advisors LLC grew its stake in shares of FOX by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 143,628 shares of the company’s stock valued at $8,998,000 after buying an additional 2,906 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in FOX by 128.2% in the third quarter. Kestra Advisory Services LLC now owns 9,168 shares of the company’s stock worth $574,000 after buying an additional 5,150 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S. media and entertainment company that produces and distributes news, sports, and entertainment programming. Its portfolio includes FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

FOX News Media operates FOX News Channel, FOX Business Network, and related digital platforms. FOX Sports provides national and regional sports programming, while FOX Entertainment develops and distributes scripted and unscripted television content.