Assenagon Asset Management S.A. Buys 24,020 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Assenagon Asset Management increased its FWONK position by 3.2%, buying 24,020 shares to hold 771,974 shares valued at approximately $73.4 million. Institutional investors collectively own 92.26% of the stock.
• Liberty Media’s second-quarter results missed expectations, with adjusted EPS of $0.02 versus a $0.24 consensus and revenue of $934 million versus estimates of $952.78 million.
• Analysts remain moderately bullish, with a consensus “Moderate Buy” rating and a $116.50 price target; FWONK recently opened at $102.85 after trading between $80.15 and $109.36 over the past year.

Assenagon Asset Management S.A. lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 771,974 shares of the company's stock after buying an additional 24,020 shares during the period. Assenagon Asset Management S.A. owned about 0.34% of Liberty Media Corporation - Liberty Formula One Series C worth $73,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Lincoln Capital LLC grew its stake in Liberty Media Corporation - Liberty Formula One Series C by 7.0% in the 2nd quarter. Lincoln Capital LLC now owns 84,595 shares of the company's stock valued at $8,048,000 after buying an additional 5,500 shares during the last quarter. GAMMA Investing LLC grew its position in Liberty Media Corporation - Liberty Formula One Series C by 13.4% in the second quarter. GAMMA Investing LLC now owns 3,492 shares of the company's stock valued at $332,000 after acquiring an additional 413 shares during the last quarter. Cooper Investors PTY Ltd. boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.7% during the second quarter. Cooper Investors PTY Ltd. now owns 116,860 shares of the company's stock valued at $11,118,000 after purchasing an additional 3,024 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 225.2% in the second quarter. Versant Capital Management Inc now owns 1,070 shares of the company's stock worth $102,000 after acquiring an additional 741 shares during the period. Finally, DV Trading LLC lifted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 74,860.0% in the first quarter. DV Trading LLC now owns 3,748 shares of the company's stock valued at $319,000 after buying an additional 3,743 shares during the period. Institutional investors and hedge funds own 92.26% of the company's stock.

More Liberty Media Corporation - Liberty Formula One Series C News

Here are the key news stories impacting Liberty Media Corporation - Liberty Formula One Series C this week:

• Positive Sentiment: JPMorgan raised its price target from $124 to $125 and maintained an overweight rating, implying substantial upside and signaling continued confidence in Formula One’s long-term growth prospects. Benzinga analyst update
• Positive Sentiment: UBS increased its price target from $104 to $110. Although it retained a neutral rating, the higher valuation suggests improved expectations for FWONK’s earnings or business outlook. Benzinga analyst update
• Positive Sentiment: Wells Fargo lifted its target from $97 to $105 while maintaining an equal-weight rating. The revision provides modest upside support despite a cautious overall stance. Benzinga analyst update
• Neutral Sentiment: Liberty Media reported its second-quarter 2026 financial and operating results and discussed them during its earnings call. The available reports did not provide additional details beyond the earnings figures. Second-quarter financial and operating results
• Negative Sentiment: Second-quarter earnings and revenue missed analyst expectations. FWONK reported adjusted earnings of $0.02 per share versus estimates ranging from $0.16 to $0.24, while revenue of $934 million fell short of the approximately $953 million consensus. Earnings also declined sharply from $1.52 per share a year earlier, creating a fundamental headwind for the stock. Zacks second-quarter earnings report

Insider Activity

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

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $102.85 on Friday. The company has a market capitalization of $23.05 billion, a P/E ratio of 151.25 and a beta of 0.43. The stock has a 50 day moving average price of $94.78 and a 200-day moving average price of $90.13. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $80.15 and a one year high of $109.36.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $952.78 million. As a group, equities analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Guggenheim increased their target price on Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. UBS Group lifted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday. Wells Fargo & Company lifted their price target on Liberty Media Corporation - Liberty Formula One Series C from $97.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday. Bank of America lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.50.

Liberty Media Corporation - Liberty Formula One Series C Company 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.

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