Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock Position Increased by Rathbones Group PLC

Rathbones Group PLC increased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,046,021 shares of the company’s stock after buying an additional 4,717 shares during the quarter. Rathbones Group PLC owned about 0.42% of Liberty Media Corporation – Liberty Formula One Series C worth $109,309,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $29,000. GW&K Investment Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $46,000. Assetmark Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock worth $52,000 after purchasing an additional 333 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 144.9% during the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.2%

Shares of NASDAQ:FWONK opened at $102.00 on Friday. The company’s fifty day moving average is $101.40 and its two-hundred day moving average is $99.66. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The company has a market cap of $22.81 billion, a P/E ratio of 130.77 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lifted their price target 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 research report on Friday, August 8th. Guggenheim raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, October 14th. Finally, Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and an average target price of $112.11.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 5,651 shares of company stock worth $572,250. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C 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.