California Public Employees Retirement System Boosts Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

California Public Employees Retirement System grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 362,452 shares of the company’s stock after acquiring an additional 12,076 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Liberty Media Corporation – Liberty Formula One Series C worth $37,876,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. S Bank Fund Management Ltd purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $347,000. Aviva PLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 7.4% during the second quarter. Aviva PLC now owns 158,167 shares of the company’s stock worth $16,528,000 after buying an additional 10,932 shares during the period. Geode Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock worth $400,694,000 after acquiring an additional 126,501 shares in the last quarter. Praxis Investment Management Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 28.1% in the 2nd quarter. Praxis Investment Management Inc. now owns 12,640 shares of the company’s stock valued at $1,321,000 after acquiring an additional 2,770 shares during the period. Finally, M.D. Sass LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.2% during the 2nd quarter. M.D. Sass LLC now owns 534,126 shares of the company’s stock valued at $55,816,000 after acquiring an additional 31,352 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FWONK has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on 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. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, Wells Fargo & Company boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.2%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $92.30 on Thursday. The stock has a market cap of $23.08 billion, a P/E ratio of 118.33 and a beta of 0.48. The stock has a 50 day moving average of $98.48 and a 200-day moving average of $100.06. 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 issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.05 billion. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider directly owned 21,037 shares in the company, valued at approximately $1,933,089.93. This trade 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 is accessible through this link. Also, Director Chase Carey sold 81,006 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total value of $8,334,707.34. Following the completion of the sale, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 201,327 shares of company stock valued at $20,553,143 in the last three months. Insiders own 4.31% of the company’s stock.

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.