BI Asset Management Fondsmaeglerselskab A S Sells 5,764 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

BI Asset Management Fondsmaeglerselskab A S reduced its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 59.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,908 shares of the company’s stock after selling 5,764 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $332,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FWONK. Principal Securities Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock valued at $466,000 after purchasing an additional 118 shares during the period. Farther Finance Advisors LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after buying an additional 120 shares during the period. Compound Planning Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after acquiring an additional 121 shares during the last quarter. Blair William & Co. IL boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.7% in the fourth quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock valued at $510,000 after acquiring an additional 135 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the 4th quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock worth $1,016,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FWONK. Wells Fargo & Company upped their target price on shares of 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. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised 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. JPMorgan Chase & Co. reduced their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Finally, UBS Group decreased their target price 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 report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Hold” and a consensus price target of $110.43.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director owned 94,356 shares in the company, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.5%

Shares of FWONK stock opened at $90.45 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 41.49 and a beta of 0.47. The firm has a fifty day moving average of $89.46 and a 200-day moving average of $89.31.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to analyst estimates of $683.42 million. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current year.

About Liberty Media Corporation – Liberty Formula One Series C

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.