Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK). In a filing disclosed on July 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Liberty Media Corporation - Liberty Formula One Series C stock on June 26th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/1/2025.
• Purchased $1,001 - $15,000 in shares of AppLovin NASDAQ: APP on 7/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 6/27/2025.
• Purchased $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 6/27/2025.
• Sold $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 6/27/2025.
• Sold $1,001 - $15,000 in shares of Willis Towers Watson Public NASDAQ: WTW on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 6/26/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 6/25/2025.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 0.6%

FWONK stock traded down $0.62 during midday trading on Monday, reaching $102.85. The company's stock had a trading volume of 850,230 shares, compared to its average volume of 1,182,073. Liberty Media Corporation - Liberty Formula One Series C has a 52 week low of $72.69 and a 52 week high of $106.26. The business's 50-day simple moving average is $99.84 and its 200-day simple moving average is $93.66. The stock has a market cap of $25.65 billion, a PE ratio of -257.13 and a beta of 0.47.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.23. The business had revenue of $447.00 million during the quarter, compared to analysts' expectations of $440.80 million. As a group, equities analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series C

In related news, Director Chase Carey sold 50,000 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the completion of the sale, the director owned 93,102 shares of the company's stock, valued at approximately $8,807,449.20. This trade represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series C

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter worth approximately $2,370,000. Russell Investments Group Ltd. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock valued at $11,570,000 after acquiring an additional 23,809 shares during the period. LBP AM SA acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth approximately $1,602,000. Swedbank AB boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 210.6% during the first quarter. Swedbank AB now owns 21,781 shares of the company's stock worth $1,961,000 after purchasing an additional 14,768 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 25.8% in the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company's stock valued at $5,618,000 after purchasing an additional 12,817 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FWONK shares. Susquehanna lifted their target price on shares of 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. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $80.00 to $87.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research note on Wednesday, June 4th. Finally, Rosenblatt Securities lifted their price target on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $103.00.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Liberty Media Corporation - Liberty Formula One Series C

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.