Caitong International Asset Management Co. Ltd Buys New Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Caitong International Asset Management Co. Ltd bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 437 shares of the company’s stock, valued at approximately $46,000.

Several other large investors have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.6% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 51,235 shares of the company’s stock valued at $5,354,000 after purchasing an additional 326 shares during the period. Carmel Capital Partners LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.4% in the 2nd quarter. Carmel Capital Partners LLC now owns 17,712 shares of the company’s stock valued at $1,851,000 after purchasing an additional 1,665 shares during the period. Chevy Chase Trust Holdings LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $211,000. Nordea Investment Management AB lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 17,645 shares of the company’s stock valued at $1,853,000 after purchasing an additional 413 shares during the period. Finally, Praxis Investment Management Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 28.1% in the 2nd quarter. Praxis Investment Management Inc. now owns 12,640 shares of the company’s stock valued at $1,321,000 after purchasing an additional 2,770 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.4%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $94.65 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The company has a fifty day simple moving average of $101.82 and a 200-day simple moving average of $98.27. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 92.80 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) 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. On average, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insider Activity

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 over the last ninety days. Corporate insiders own 4.31% of the company’s stock.

Analyst Ratings Changes

FWONK has been the subject of several analyst reports. Guggenheim boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. 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 research note on Tuesday, July 22nd. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Bank of America assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.22.

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.