AG2R LA Mondiale Gestion D Actifs Makes New $999,000 Investment in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $999,000 in Liberty Media Corporation - Liberty Formula One Series C, acquiring 10,352 shares in the first quarter according to a recent SEC filing.
• Liberty Media's stock has seen fluctuations with a recent opening price of $99.44 and a market capitalization of $22.24 billion.
• Analyst ratings for Liberty Media show a mix, with some lowering their ratings while Goldman Sachs and JPMorgan Chase maintained "buy" ratings and set a target price at $120.00.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,352 shares of the company's stock, valued at approximately $999,000.

A number of other hedge funds have also modified their holdings of the company. Strs Ohio purchased a new position in Liberty Media Corporation - Liberty Formula One Series C during the first quarter valued at approximately $2,370,000. Russell Investments Group Ltd. raised its position in Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock valued at $11,570,000 after acquiring an additional 23,809 shares in the last quarter. Swedbank AB raised its position in Liberty Media Corporation - Liberty Formula One Series C by 210.6% during the first quarter. Swedbank AB now owns 21,781 shares of the company's stock valued at $1,961,000 after acquiring an additional 14,768 shares in the last quarter. Voya Investment Management LLC raised its position in Liberty Media Corporation - Liberty Formula One Series C by 25.8% during the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company's stock valued at $5,618,000 after acquiring an additional 12,817 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock valued at $32,518,000 after acquiring an additional 6,297 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $120.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Tuesday, July 22nd. Rosenblatt Securities raised their price objective on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company dropped 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 report on Friday, August 8th. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research note on Wednesday, June 4th. Finally, Guggenheim lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.22.

Insider Activity

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company's stock in a transaction dated 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 can be accessed through this link. Over the last ninety days, insiders sold 5,651 shares of company stock worth $572,250. Corporate insiders own 4.31% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Trading Down 0.9%

FWONK traded down $0.98 on Friday, hitting $102.70. 105,715 shares of the company were exchanged, compared to its average volume of 1,151,635. Liberty Media Corporation - Liberty Formula One Series C has a twelve month low of $74.34 and a twelve month high of $106.26. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 100.69 and a beta of 0.46. The firm has a 50-day moving average price of $100.80 and a two-hundred day moving average price of $95.37.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Equities analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.

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.