Choreo LLC Decreases Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Choreo LLC decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 88.7% in the 2nd quarter, Holdings Channel reports. The fund owned 2,530 shares of the company’s stock after selling 19,815 shares during the period. Choreo LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FWONK. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $46,000. Assetmark Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 199.4% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock valued at $52,000 after buying an additional 333 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% during the second quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock valued at $80,000 after acquiring an additional 455 shares in the last quarter. Finally, Western Pacific Wealth Management LP grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock valued at $125,000 after acquiring an additional 500 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.1%

FWONK stock opened at $92.20 on Friday. The stock’s 50 day simple moving average is $99.20 and its 200 day simple moving average is $100.15. 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 cap of $23.05 billion, a P/E ratio of 118.21 and a beta of 0.48.

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

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

In other news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the transaction, the insider directly owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the sale, the director owned 1,781 shares in the company, valued at $178,456.20. The trade was a 33.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 202,225 shares of company stock worth $20,643,122 over the last ninety days. Company insiders own 4.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on FWONK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday. Zacks Research downgraded shares of 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 target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.33.

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.