Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,040 shares of the company’s stock after buying an additional 694 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Liberty Media Corporation – Liberty Formula One Series C worth $19,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 17.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,880 shares of the company’s stock worth $1,555,000 after purchasing an additional 2,219 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $208,000. Aberdeen Group plc raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the second quarter. Aberdeen Group plc now owns 142,110 shares of the company’s stock valued at $14,850,000 after purchasing an additional 10,058 shares in the last quarter. Greenwood Gearhart Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Greenwood Gearhart Inc. now owns 175,020 shares of the company’s stock worth $18,289,000 after acquiring an additional 692 shares during the period. Finally, Callan Family Office LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $239,000. 92.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 5,651 shares of company stock worth $572,250 in the last ninety days. 4.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FWONK has been the topic of a number of analyst reports. UBS Group lifted 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. Susquehanna boosted their price target on 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. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company cut their price target on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 3.1%

Shares of FWONK opened at $100.38 on Friday. 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 firm has a market capitalization of $22.45 billion, a PE ratio of 98.41 and a beta of 0.47. The stock’s fifty day simple moving average is $101.87 and its 200-day simple moving average is $97.59.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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.