Robeco Institutional Asset Management B.V. Purchases 19,382 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Robeco Institutional Asset Management initiated a position in FWONK by purchasing 19,382 shares valued at approximately $1.79 million. Institutional investors collectively own 92.26% of the stock.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $115.50. Recent firms raised targets as high as $134 and issued Buy or Strong Buy ratings.
• FWONK opened at $89.27, below its 52-week high of $107.31, while the company’s latest quarterly results missed expectations: earnings per share were $0.02 versus $0.24 expected, and revenue was $934 million versus a $952.78 million forecast.

Robeco Institutional Asset Management B.V. purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 19,382 shares of the company's stock, valued at approximately $1,791,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the 3rd quarter valued at about $2,163,000. IFP Advisors Inc lifted its position in Liberty Media Corporation - Liberty Formula One Series C by 148.5% during the 3rd quarter. IFP Advisors Inc now owns 420 shares of the company's stock worth $39,000 after acquiring an additional 251 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 356.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 221,985 shares of the company's stock worth $20,511,000 after acquiring an additional 173,385 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 13.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,893 shares of the company's stock worth $723,000 after acquiring an additional 908 shares during the period. Finally, Annex Advisory Services LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the third quarter valued at $867,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FWONK. Jefferies Financial Group assumed coverage on Liberty Media Corporation - Liberty Formula One Series C in a research note on Wednesday, September 9th. They issued a "buy" rating and a $115.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Zacks Research upgraded Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. Guggenheim raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $125.00 to $134.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Finally, Bank of America boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $89.27 on Monday. Liberty Media Corporation - Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $107.31. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 131.28 and a beta of 0.46. The firm has a fifty day moving average of $96.03 and a 200-day moving average of $94.15.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share 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 analysts' expectations of $952.78 million. On average, sell-side analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 2.00 earnings per share for the current year.

Liberty Media Corporation - Liberty Formula One Series C Profile

Liberty Media Corporation's Liberty Formula One Series C tracking stock represents an economic interest in the company's Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport's international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.

Want to see what other hedge funds are holding FWONK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.