Eurizon Capital SGR S.p.A. Invests $2.60 Million in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Eurizon Capital SGR S.p.A. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,367 shares of the company’s stock, valued at approximately $2,597,000.

A number of other institutional investors have also made changes to their positions in FWONK. Vanguard Group Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares during the period. Principal Financial Group Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock valued at $1,250,671,000 after purchasing an additional 129,822 shares during the period. Schroder Investment Management Group raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.1% in the third quarter. Schroder Investment Management Group now owns 8,843,048 shares of the company’s stock valued at $923,656,000 after purchasing an additional 186,077 shares during the period. Geode Capital Management LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock valued at $391,290,000 after purchasing an additional 36,599 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.8% in the second quarter. Bank of America Corp DE now owns 2,665,969 shares of the company’s stock valued at $278,594,000 after purchasing an additional 98,354 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analyst Ratings Changes

FWONK has been the topic of several research analyst reports. Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. UBS Group dropped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $89.32 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 40.97 and a beta of 0.47. The firm’s 50-day simple moving average is $88.29 and its 200 day simple moving average is $90.13.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 EPS for the current year.

Insider Buying and Selling

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% 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.

Liberty Media Corporation – Liberty Formula One Series C Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.