3,316 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Acquired by S Bank Fund Management Ltd

S Bank Fund Management Ltd acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,316 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TD Asset Management Inc lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 15.8% in the 2nd quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock valued at $115,348,000 after acquiring an additional 150,295 shares in the last quarter. Cooper Investors PTY Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 6.6% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock valued at $21,165,000 after acquiring an additional 12,580 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 193,040 shares of the company’s stock valued at $19,655,000 after acquiring an additional 694 shares in the last quarter. Greenwood Gearhart Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.4% in the 2nd quarter. Greenwood Gearhart Inc. now owns 175,020 shares of the company’s stock valued at $18,289,000 after acquiring an additional 692 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 7.6% in the 2nd quarter. Aberdeen Group plc now owns 142,110 shares of the company’s stock valued at $14,850,000 after acquiring an additional 10,058 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $100.38 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The stock’s fifty day moving average is $101.87 and its 200 day moving average is $97.59. The stock has a market cap of $22.45 billion, a P/E ratio of 98.41 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

FWONK has been the topic of several analyst reports. Susquehanna upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the company a “positive” rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Guggenheim increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 5,651 shares of company stock valued at $572,250. Corporate insiders own 4.31% of the company’s stock.

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.