Liberty Media Corporation – Liberty Formula One Series C Sees Unusually High Options Volume (NASDAQ:FWONK)

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) was the target of unusually large options trading on Thursday. Stock traders acquired 7,951 put options on the company. This represents an increase of approximately 4,293% compared to the typical daily volume of 181 put options.

Analyst Upgrades and Downgrades

FWONK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Wells Fargo & Company raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. UBS Group cut their price target on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

View Our Latest Research Report on FWONK

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at approximately $109,000. Bank of America Corp DE raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after purchasing an additional 1,376,984 shares during the period. Janus Henderson Group PLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.9% during the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock worth $925,299,000 after purchasing an additional 302,191 shares during the period. Amundi boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 36.1% in the 1st quarter. Amundi now owns 759,738 shares of the company’s stock valued at $64,593,000 after purchasing an additional 201,643 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.4% in the 1st quarter. Royal Bank of Canada now owns 611,807 shares of the company’s stock valued at $52,015,000 after purchasing an additional 72,334 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.3%

Shares of NASDAQ FWONK traded down $0.29 during midday trading on Thursday, reaching $90.15. 288,076 shares of the stock were exchanged, compared to its average volume of 2,081,331. The company has a market capitalization of $20.20 billion, a P/E ratio of 41.33 and a beta of 0.44. The stock has a 50 day moving average price of $87.52 and a 200-day moving average price of $90.76. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. On average, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 earnings per share for the current year.

About Liberty Media Corporation – Liberty Formula One Series C

(Get Free Report)

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.

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