15,330 Shares in Liberty Media Corporation - Liberty Formula One Series C $FWONK Acquired by Lbp Am Sa

Key Points

• Lbp Am Sa has acquired 15,330 shares of Liberty Media Corporation - Liberty Formula One Series C for approximately $1,602,000 in the second quarter.
• Analysts have given Liberty Media's stock a consensus rating of "Moderate Buy" with an average target price of $111.22.
• The stock recently reported an earnings per share of $1.52, surpassing analysts' expectations, with revenue of $1.34 billion for the quarter.

Lbp Am Sa acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 15,330 shares of the company's stock, valued at approximately $1,602,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Chicago Capital LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at approximately $580,000. SeaBridge Investment Advisors LLC grew its holdings in Liberty Media Corporation - Liberty Formula One Series C by 8.0% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 26,339 shares of the company's stock valued at $2,752,000 after buying an additional 1,946 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at approximately $222,000. Golden State Equity Partners grew its holdings in Liberty Media Corporation - Liberty Formula One Series C by 6.0% during the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Liberty Media Corporation - Liberty Formula One Series C by 10.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,170 shares of the company's stock valued at $227,000 after buying an additional 213 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FWONK shares. Wells Fargo & Company reduced their price objective on Liberty Media Corporation - Liberty Formula One Series C from $87.00 to $86.00 and set an "underweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. UBS Group lifted their price objective 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. Guggenheim lifted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $111.22.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation - Liberty Formula One Series C stock opened at $104.15 on Friday. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 102.11 and a beta of 0.47. The stock has a 50 day moving average price of $100.99 and a 200-day moving average price of $96.48. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $74.34 and a one year high of $106.26.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) 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.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 5,651 shares of company stock valued at $572,250. 4.31% of the stock is currently owned by insiders.

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.

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