Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Acquired by Greenwood Gearhart LLC

Greenwood Gearhart LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,708 shares of the company’s stock after buying an additional 8,830 shares during the quarter. Greenwood Gearhart LLC owned 0.08% of Liberty Media Corporation – Liberty Formula One Series C worth $15,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FWONK. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 715,525 shares during the period. Principal Financial Group Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock worth $1,250,671,000 after purchasing an additional 129,822 shares during the period. Silver Point Capital L.P. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth $302,000. Jericho Capital Asset Management L.P. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock valued at $447,471,000 after purchasing an additional 688,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.9% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $102.20 on Monday. The stock has a market cap of $22.90 billion, a P/E ratio of 46.88 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $109.36. The business has a fifty day simple moving average of $92.33 and a 200-day simple moving average of $89.58.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced 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 for the company in a research note on Friday, May 29th. 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 report on Friday, May 1st. Bank of America increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Wells Fargo & Company lifted their price target 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, UBS Group decreased their price target on 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 note on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

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.