Insider Selling: Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Insider Sells $1,029,168.00 in Stock

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) insider Renee Wilm sold 11,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the sale, the insider owned 21,037 shares in the company, valued at $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.4%

NASDAQ FWONK opened at $101.61 on Thursday. 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 50 day moving average price of $101.49 and a 200 day moving average price of $99.96. The firm has a market cap of $22.72 billion, a PE ratio of 130.27 and a beta of 0.46.

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

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $208,588,000. Cantillon Capital Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $121,803,000. Munro Partners purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $111,340,000. Schroder Investment Management Group increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% in the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after acquiring an additional 402,705 shares during the period. Finally, CI Investments Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 44.3% during the third quarter. CI Investments Inc. now owns 859,994 shares of the company’s stock worth $89,826,000 after purchasing an additional 264,075 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FWONK shares. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday. UBS Group boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Bank of America initiated 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. Wells Fargo & Company lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Guggenheim upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus target price of $112.11.

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.