Bank of America Corp DE Has $387.85 Million Holdings in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Bank of America Corp DE grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 43.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,561,809 shares of the company's stock after acquiring an additional 1,376,984 shares during the quarter. Bank of America Corp DE owned 2.04% of Liberty Media Corporation - Liberty Formula One Series C worth $387,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Zions Bancorporation National Association UT boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company's stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the 3rd quarter worth approximately $34,000. Headlands Technologies LLC bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at approximately $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 70.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company's stock valued at $42,000 after buying an additional 175 shares in the last quarter. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $98.13 on Monday. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of 45.01 and a beta of 0.43. The stock has a 50-day moving average of $93.97 and a 200-day moving average of $89.83. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $683.42 million. Sell-side analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.93 earnings per share for the current year.

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

In other news, Director Chase Carey sold 100,000 shares of the stock in a transaction 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 directly 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. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider 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. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

FWONK has been the topic of a number of research reports. Wall Street Zen raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "hold" rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation - Liberty Formula One Series C from $111.00 to $124.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Liberty Media Corporation - Liberty Formula One Series C from $89.00 to $97.00 and gave the company an "equal weight" rating in a report on Friday, May 8th. UBS Group reduced their price objective 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 report on Wednesday, April 15th. Finally, Guggenheim upped 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. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

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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