Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 190,163 shares of the company’s stock after purchasing an additional 2,310 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $19,872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock worth $400,694,000 after purchasing an additional 126,501 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,916,759 shares of the company’s stock worth $200,301,000 after purchasing an additional 12,466 shares in the last quarter. TD Asset Management Inc increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 15.8% during the 2nd quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock valued at $115,348,000 after purchasing an additional 150,295 shares during the period. Rathbones Group PLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.5% during the second quarter. Rathbones Group PLC now owns 1,046,021 shares of the company’s stock valued at $109,309,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Swiss National Bank boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the 2nd quarter. Swiss National Bank now owns 640,800 shares of the company’s stock worth $66,964,000 after acquiring an additional 45,200 shares during the period. 92.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on FWONK shares. UBS Group increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, August 8th. 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 research report on Thursday, August 21st. Bank of America started coverage on 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 price target on the stock. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wells Fargo & Company boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.11.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $96.09 on Monday. 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 has a 50-day moving average of $100.27 and a 200 day moving average of $100.32. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 123.19 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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

In other news, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the transaction, the director owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C 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 transaction, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 202,225 shares of company stock valued at $20,643,122.

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.