Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Choreo LLC

Choreo LLC decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 88.7% during the 2nd quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after buying an additional 110 shares in the last quarter. Blair William & Co. IL raised its position in Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the second quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after acquiring an additional 118 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.9% in the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock valued at $227,000 after purchasing an additional 213 shares in the last quarter. Golden State Equity Partners grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.0% in the second quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock valued at $418,000 after purchasing an additional 226 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

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

In other news, Director Chase Carey sold 81,006 shares of the firm’s stock in a transaction on 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 transaction, the director owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. This trade represents a 46.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the transaction, the director owned 1,781 shares in the company, valued at $178,456.20. The trade was a 33.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,225 shares of company stock valued at $20,643,122 over the last 90 days. Corporate insiders own 4.31% of the company’s stock.

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

Shares of NASDAQ:FWONK opened at $92.20 on Friday. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 118.21 and a beta of 0.48. The stock’s 50-day moving average price is $99.20 and its two-hundred day moving average price 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.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly 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. As a group, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

FWONK has been the topic of a number of recent research reports. UBS Group upped their target price on 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. JPMorgan Chase & Co. boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus price target 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.