26,326 Shares of Fox Corporation $FOXA Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC acquired a new position in shares of Fox Corporation (NASDAQ:FOXA) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 26,326 shares of the company’s stock, valued at approximately $1,649,000.

Other hedge funds have also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of FOX by 0.8% during the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 522,079 shares of the company’s stock worth $32,708,000 after acquiring an additional 4,381 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FOX during the 3rd quarter worth approximately $3,527,000. Profund Advisors LLC bought a new position in FOX in the third quarter valued at approximately $483,000. ProShare Advisors LLC bought a new position in FOX in the third quarter valued at approximately $2,682,000. Finally, Choreo LLC raised its position in FOX by 13.3% during the third quarter. Choreo LLC now owns 11,709 shares of the company’s stock valued at $734,000 after purchasing an additional 1,370 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FOXA. Oppenheimer cut FOX to a “market perform” rating in a research note on Friday, October 16th. Bank of America upgraded FOX from an “underperform” rating to a “buy” rating and lifted their price target for the company from $54.00 to $85.00 in a research note on Friday, October 16th. Seaport Research Partners cut FOX from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Wall Street Zen upgraded FOX from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Needham & Company LLC began coverage on FOX in a research report on Friday, October 16th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.16.

Insiders Place Their Bets

In other news, CEO Lachlan Murdoch bought 149,934 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of $68.53 per share, for a total transaction of $10,274,977.02. Following the completion of the acquisition, the chief executive officer directly owned 1,401,713 shares in the company, valued at approximately $96,059,391.89. This represents a 11.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.89% of the stock is owned by corporate insiders.

FOX Trading Up 6.9%

Shares of NASDAQ FOXA opened at $67.10 on Wednesday. The stock has a market cap of $28.16 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.99 and a current ratio of 3.79. Fox Corporation has a 52-week low of $48.34 and a 52-week high of $76.39. The firm has a 50 day moving average price of $64.93 and a two-hundred day moving average price of $62.23.

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

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

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.