S Bank Fund Management Ltd Purchases Shares of 3,316 Liberty Media Corporation – Liberty Formula One Series C $FWONK

S Bank Fund Management Ltd acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,316 shares of the company’s stock, valued at approximately $347,000.

Other large investors have also recently made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the first quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $29,000. Allianz Asset Management GmbH increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% in the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock worth $80,000 after purchasing an additional 455 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% in the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after purchasing an additional 500 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $208,000. 92.26% of the stock is owned by institutional investors.

Insider Activity

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 5,651 shares of company stock worth $572,250 in the last ninety days. 4.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FWONK. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Bank of America began coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday. Guggenheim lifted their price target 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 report on Tuesday, July 22nd. Finally, Susquehanna lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. 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 issued a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

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

FWONK opened at $100.38 on Friday. The firm has a market cap of $22.45 billion, a P/E ratio of 98.41 and a beta of 0.47. 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 stock has a 50-day moving average of $101.87 and a 200 day moving average of $97.59.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal 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.