Caitong International Asset Management Co. Ltd Buys Shares of 437 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Caitong International Asset Management Co. Ltd purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 437 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors have also modified their holdings of FWONK. GW&K Investment Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $29,000. Allianz Asset Management GmbH boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after buying an additional 455 shares in the last quarter. Western Pacific Wealth Management LP boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% in the 2nd quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock valued at $125,000 after buying an additional 500 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $208,000. 92.26% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.4%

FWONK stock opened at $94.65 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The firm has a 50 day moving average of $101.82 and a 200 day moving average of $98.27. The stock has a market capitalization of $21.17 billion, a PE ratio of 92.80 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 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 analyst estimates of $1.28 billion. On average, equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. The trade was a 33.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 5,651 shares of company stock worth $572,250. Insiders own 4.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FWONK. Guggenheim raised their price target on shares of 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. Wells Fargo & Company lowered 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 note on Friday, August 8th. Bank of America started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price for the company. UBS Group lifted 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 note on Friday, August 8th. Finally, Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Company 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.