Amundi Cuts Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Amundi lowered its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 68.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 508,074 shares of the company’s stock after selling 1,118,048 shares during the period. Amundi’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $52,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $46,000. Assetmark Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 199.4% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock worth $52,000 after purchasing an additional 333 shares in the last quarter. Allianz Asset Management GmbH grew its holdings 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 worth $80,000 after buying an additional 455 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 24.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock worth $89,000 after acquiring an additional 169 shares during the period. 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, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider directly owned 21,037 shares in the company, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 109,121 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the transaction, the director directly owned 93,102 shares of the company’s stock, valued at $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 201,327 shares of company stock valued at $20,553,143.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FWONK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Zacks Research cut 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. Finally, Wells Fargo & Company raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 2.1%

NASDAQ:FWONK opened at $92.50 on Wednesday. The stock has a 50 day moving average of $98.68 and a 200-day moving average of $100.11. The firm has a market capitalization of $23.13 billion, a PE ratio of 118.59 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company 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.