Nordea Investment Management AB Boosts Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Nordea Investment Management AB lifted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,645 shares of the company’s stock after acquiring an additional 413 shares during the period. Nordea Investment Management AB’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $29,000. Allianz Asset Management GmbH boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% in the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after acquiring an additional 455 shares during the period. Western Pacific Wealth Management LP boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% in the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock valued at $125,000 after acquiring an additional 500 shares during the period. Finally, Inspire Investing LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $208,000. 92.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on FWONK. JPMorgan Chase & Co. increased 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 note on Thursday, August 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Guggenheim boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company lowered their price target on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.22.

Insider Buying and Selling

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 5,651 shares of company stock worth $572,250 in the last quarter. 4.31% of the stock is owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.7%

NASDAQ FWONK opened at $97.78 on Thursday. The stock’s 50-day simple moving average is $101.95 and its two-hundred day simple moving average is $97.91. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 95.86 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. On average, 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.