Liberty Media Corporation - Liberty Formula One Series C $FWONK Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 25.8%, holding a total of 62,413 shares worth approximately $5.6 million.
• Liberty Media Corporation reported a quarterly earnings per share (EPS) of $1.52, significantly beating analysts' expectations of $0.81, alongside revenues of $1.34 billion.
• As of the latest data, 92.26% of Liberty Media's stock is owned by hedge funds and institutional investors, reflecting significant institutional interest in the company.

Voya Investment Management LLC lifted its holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,413 shares of the company's stock after acquiring an additional 12,817 shares during the period. Voya Investment Management LLC's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $5,618,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FWONK. Public Employees Retirement System of Ohio boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after purchasing an additional 4,897 shares during the period. California State Teachers Retirement System lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after purchasing an additional 6,297 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.7% in the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock valued at $11,570,000 after buying an additional 23,809 shares in the last quarter. Strs Ohio acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter worth $2,370,000. Finally, Praxis Investment Management Inc. boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 10.7% in the 1st quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company's stock worth $888,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

NASDAQ FWONK traded down $0.01 during mid-day trading on Friday, hitting $103.67. The stock had a trading volume of 1,995,375 shares, compared to its average volume of 883,953. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 101.64 and a beta of 0.46. 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 firm's 50 day moving average is $100.81 and its 200 day moving average is $95.46.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, equities research analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on FWONK. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Tuesday, July 22nd. Guggenheim lifted 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. JPMorgan Chase & Co. upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $108.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Rosenblatt Securities raised their target price on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Susquehanna boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $111.22.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 5,651 shares of company stock valued at $572,250. 4.31% of the stock is owned by company 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.