Twenty-First Century Fox Inc (FOXA) Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management cut its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,525 shares of the company’s stock after selling 1,150 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Twenty-First Century Fox were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its stake in Twenty-First Century Fox by 34.9% in the 1st quarter. LPL Financial LLC now owns 13,975 shares of the company’s stock worth $513,000 after acquiring an additional 3,614 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Twenty-First Century Fox in the 1st quarter worth about $738,000. State of Alaska Department of Revenue grew its stake in Twenty-First Century Fox by 26.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 159,298 shares of the company’s stock worth $7,913,000 after acquiring an additional 33,355 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Twenty-First Century Fox by 2.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 108,435 shares of the company’s stock worth $5,388,000 after acquiring an additional 2,149 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its stake in Twenty-First Century Fox by 9.9% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 29,810 shares of the company’s stock worth $1,481,000 after acquiring an additional 2,688 shares in the last quarter. Institutional investors own 53.99% of the company’s stock.

NASDAQ FOXA opened at $48.16 on Friday. Twenty-First Century Fox Inc has a 52-week low of $27.53 and a 52-week high of $50.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. The company has a market cap of $88.09 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.40%. The company had revenue of $7.18 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Twenty-First Century Fox’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current year.

A number of brokerages have commented on FOXA. Morgan Stanley upped their target price on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday. Pivotal Research reiterated a “hold” rating and set a $45.00 price objective on shares of Twenty-First Century Fox in a research note on Thursday. Cowen reiterated a “hold” rating and set a $49.00 price objective on shares of Twenty-First Century Fox in a research note on Sunday, August 12th. Evercore ISI began coverage on shares of Twenty-First Century Fox in a research note on Monday, November 5th. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.06.

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About Twenty-First Century Fox

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

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