Nordea Investment Management AB Grows Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Nordea Investment Management AB increased its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,645 shares of the company’s stock after acquiring an additional 413 shares during the period. Nordea Investment Management AB’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FWONK. GW&K Investment Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $29,000. Allianz Asset Management GmbH increased its stake 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 buying an additional 455 shares during the period. Western Pacific Wealth Management LP increased its stake 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 buying an additional 500 shares during the period. Finally, Inspire Investing LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $208,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 5,651 shares of company stock valued at $572,250. Corporate insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of analyst reports. 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. Bank of America assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price on the stock. Zacks Research lowered 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. JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Guggenheim lifted 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 report on Tuesday, July 22nd. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $97.78 on Thursday. The firm’s 50-day moving average price is $101.95 and its 200-day moving average price is $97.91. The company has a market capitalization of $21.87 billion, a PE ratio of 95.86 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

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.