HB Wealth Management LLC cut its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 50.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,422 shares of the company's stock after selling 6,476 shares during the period. HB Wealth Management LLC's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $671,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake 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 worth $11,570,000 after purchasing an additional 23,809 shares during the period. Cooper Investors PTY Ltd. increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 6.6% during the second quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company's stock worth $21,165,000 after buying an additional 12,580 shares during the period. Voya Investment Management LLC increased its stake in shares of 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 worth $5,618,000 after buying an additional 12,817 shares during the period. Strs Ohio purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter worth approximately $2,370,000. Finally, M & L Capital Management Ltd increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 7.5% during the second quarter. M & L Capital Management Ltd now owns 88,665 shares of the company's stock worth $9,265,000 after buying an additional 6,215 shares during the period. 92.26% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Media Corporation - Liberty Formula One Series C Trading Up 0.7%
FWONK stock opened at $104.83 on Friday. The company has a market capitalization of $23.44 billion, a P/E ratio of 102.78 and a beta of 0.47. Liberty Media Corporation - Liberty Formula One Series C has a twelve month low of $74.34 and a twelve month high of $106.51. The business has a 50 day simple moving average of $101.03 and a 200-day simple moving average of $96.66.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Research analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.
Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series C
In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company's stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 5,651 shares of company stock valued at $572,250 over the last three months. 4.31% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms recently weighed in on FWONK. UBS Group upped their target price on shares of 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. Bank of America began coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Monday, August 4th. They set a "neutral" rating and a $110.00 target price on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Saturday, September 27th. Guggenheim upped their target price on shares of 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, Wells Fargo & Company cut their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $111.22.
View Our Latest Analysis on FWONK
Liberty Media Corporation - Liberty Formula One Series C Profile
(
Free Report)
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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