Wellington Management Group LLP Has $216.82 Million Position in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Wellington Management Group LLP cut its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 30.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,278,941 shares of the company's stock after selling 978,369 shares during the quarter. Wellington Management Group LLP owned 1.02% of Liberty Media Corporation - Liberty Formula One Series C worth $216,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 172.5% in the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company's stock valued at $29,000 after buying an additional 188 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $32,000. Advisory Services Network LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the third quarter worth $34,000. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at $38,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at $39,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of NASDAQ:FWONK opened at $101.80 on Monday. The firm has a market cap of $22.84 billion, a PE ratio of 149.71 and a beta of 0.43. The firm's fifty day moving average is $99.13 and its 200-day moving average is $91.84. Liberty Media Corporation - Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week 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, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. Sell-side analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 2 EPS for the current year.

Analyst Ratings Changes

FWONK has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Sanford C. Bernstein increased their target price on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Wednesday, July 29th. Finally, Bank of America boosted their price target on 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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

In other news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider owned 15,590 shares of the company's stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

About Liberty Media Corporation - Liberty Formula One Series C

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source