Gerber Kawasaki Wealth & Investment Management lessened its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 17.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,525 shares of the company’s stock after selling 1,150 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Twenty-First Century Fox were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Kaizen Advisory LLC raised its holdings in shares of Twenty-First Century Fox by 121.8% during the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock worth $113,000 after purchasing an additional 1,251 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of Twenty-First Century Fox during the second quarter worth $115,000. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Twenty-First Century Fox during the second quarter worth $122,000. Chicago Partners Investment Group LLC raised its holdings in shares of Twenty-First Century Fox by 298.9% during the third quarter. Chicago Partners Investment Group LLC now owns 2,800 shares of the company’s stock worth $127,000 after purchasing an additional 2,098 shares during the last quarter. Finally, Sun Life Financial INC raised its holdings in shares of Twenty-First Century Fox by 1,522.7% during the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock worth $142,000 after purchasing an additional 2,680 shares during the last quarter. 53.99% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Morgan Stanley raised 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 report on Thursday. Pivotal Research reissued a “hold” rating and set a $45.00 target price on shares of Twenty-First Century Fox in a report on Thursday. Cowen reissued a “hold” rating and set a $49.00 target price on shares of Twenty-First Century Fox in a report on Sunday, August 12th. Evercore ISI assumed coverage on shares of Twenty-First Century Fox in a report on Monday, November 5th. They set an “outperform” rating and a $52.00 target price for the company. Finally, Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus target price of $46.06.

FOXA stock opened at $48.16 on Friday. The firm has a market cap of $88.09 billion, a P/E ratio of 23.77, a PEG ratio of 2.87 and a beta of 1.21. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. Twenty-First Century Fox Inc has a one year low of $27.53 and a one year high of $50.15.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.40%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Research analysts predict that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Gerber Kawasaki Wealth & Investment Management Sells 1,150 Shares of Twenty-First Century Fox Inc (FOXA)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/11/10/gerber-kawasaki-wealth-investment-management-sells-1150-shares-of-twenty-first-century-fox-inc-foxa.html.

Twenty-First Century Fox Company Profile

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.

See Also: Trading Penny Stocks

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc (NASDAQ:FOXA).

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

Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.