Fox (FOXA)

• Market cap: $25.8B
• 1 day: -0.75%
• 5 days: 2.02%
• 1 month: 18.89%
• 3 months: 22.11%
• 6 months: 40.93%
• Year to date: 16.25%
• 1 year: 90.15%
• 5 years: 58.24%
• 10 years: 12.97%
• Sector: Communication Services
• Industry: Television Broadcasting Stations

About: Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.

Employees: 10,200

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

275% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 36

139% more call options, than puts

Call options by funds: $51.2M | Put options by funds: $21.4M

16% more funds holding

Funds holding: 517 [Q3] → 600 (+83) [Q4]

14% more repeat investments, than reductions

Existing positions increased: 209 | Existing positions reduced: 183

13% more capital invested

Capital invested by funds: $10.2B [Q3] → $11.6B (+$1.38B) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

2.16% less ownership

Funds ownership: 108.61% [Q3] → 106.44% (-2.16%) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 17% downside
• Avg. target: $56 2% downside
• High target: $64 12% upside

11 analyst ratings

• positive: 7 64%
• neutral: 4 36%
• negative: 0 0%

UBS John Hodulik 88% 1-year accuracy 15 / 17 met price target	11% upside $63	Buy Maintained	13 Feb 2025
Guggenheim Michael Morris 87% 1-year accuracy 27 / 31 met price target	5% upside $60	Buy Maintained	5 Feb 2025
JP Morgan David Karnovsky 65% 1-year accuracy 17 / 26 met price target	5% downside $54	Neutral Maintained	5 Feb 2025
Wells Fargo Steven Cahall 59% 1-year accuracy 22 / 37 met price target	12% upside $64	Overweight Maintained	5 Feb 2025
Barclays Kannan Venkateshwar 73% 1-year accuracy 19 / 26 met price target	12% downside $50	Equal-Weight Maintained	5 Feb 2025