Aberdeen Group plc Boosts Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aberdeen Group plc raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,110 shares of the company’s stock after buying an additional 10,058 shares during the quarter. Aberdeen Group plc owned about 0.06% of Liberty Media Corporation – Liberty Formula One Series C worth $14,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FWONK. US Bancorp DE grew its position in Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the second quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after acquiring an additional 110 shares in the last quarter. Blair William & Co. IL grew its position in Liberty Media Corporation – Liberty Formula One Series C by 2.0% in the second quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 10.9% in the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after acquiring an additional 213 shares in the last quarter. Golden State Equity Partners grew its position in Liberty Media Corporation – Liberty Formula One Series C by 6.0% in the second quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock worth $418,000 after acquiring an additional 226 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $29,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 5,651 shares of company stock worth $572,250 over the last ninety days.

Analyst Ratings Changes

Several research analysts recently issued reports on FWONK shares. Susquehanna upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. UBS Group upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.3%

NASDAQ FWONK opened at $103.72 on Wednesday. The company has a 50-day simple moving average of $101.72 and a two-hundred day simple moving average of $97.48. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 101.69 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.