Asset Management One Co. Ltd. Trims Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Asset Management One Co. Ltd. lessened its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.6% in the second quarter, Holdings Channel reports. The institutional investor owned 82,345 shares of the company’s stock after selling 1,321 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $8,605,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. US Bancorp DE boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock valued at $613,000 after acquiring an additional 110 shares during the last quarter. Blair William & Co. IL increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.0% in the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after purchasing an additional 118 shares during the period. GAMMA Investing LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 10.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after purchasing an additional 213 shares during the period. Golden State Equity Partners increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.0% during the second quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock valued at $418,000 after buying an additional 226 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $29,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $94.84 on Tuesday. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 92.98 and a beta of 0.47. The stock has a 50 day moving average price of $101.70 and a 200-day moving average price of $98.47. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

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 analysts’ expectations of $1.28 billion. Sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FWONK has been the topic of several recent research reports. UBS Group upped their price target on 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. Bank of America started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They set a “neutral” rating and a $110.00 price target on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on 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. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

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

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 5,651 shares of company stock worth $572,250. 4.31% of the stock is owned by insiders.

About Liberty Media Corporation – Liberty Formula One Series C

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.