TD Asset Management Inc Has $115.35 Million Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• TD Asset Management Inc increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 15.8%, holding a total of 1,103,812 shares valued at approximately $115.35 million.
• Several analysts have raised their price targets for Liberty Media's stock, with Guggenheim setting a price objective of $120.00 and UBS Group adjusting it to $107.00.
• Liberty Media reported $1.52 earnings per share for its last quarter, significantly exceeding the consensus estimate of $0.81, along with a revenue of $1.34 billion.

TD Asset Management Inc lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 15.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,103,812 shares of the company's stock after acquiring an additional 150,295 shares during the period. TD Asset Management Inc owned 0.44% of Liberty Media Corporation - Liberty Formula One Series C worth $115,348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FWONK. GW&K Investment Management LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $29,000. Western Pacific Wealth Management LP raised its holdings in Liberty Media Corporation - Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company's stock worth $125,000 after buying an additional 500 shares during the last quarter. Inspire Investing LLC acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $208,000. Finally, Cigna Investments Inc. New acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $222,000. Institutional investors and hedge funds own 92.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FWONK shares. Guggenheim upped their price objective 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 report on Tuesday, July 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Tuesday. UBS Group upped their price objective 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 report on Friday, August 8th. Bank of America started coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, August 4th. They set a "neutral" rating and a $110.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $111.22.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $103.72 on Wednesday. The firm has a 50-day moving average of $101.72 and a 200-day moving average of $97.48. The company has a market cap of $23.19 billion, a P/E ratio of 101.69 and a beta of 0.47. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 5,651 shares of company stock worth $572,250 in the last three months.

Liberty Media Corporation - Liberty Formula One Series C Company 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.

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