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

Amundi lessened its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 68.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 508,074 shares of the company’s stock after selling 1,118,048 shares during the quarter. Amundi owned about 0.23% of Liberty Media Corporation – Liberty Formula One Series C worth $52,078,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FWONK. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $46,000. Assetmark Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% during the second quarter. Assetmark Inc. now owns 500 shares of the company’s stock worth $52,000 after acquiring an additional 333 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% in 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, Loomis Sayles & Co. L P boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 24.7% in the second quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock valued at $89,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FWONK. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. 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 stock an “underweight” rating in a research note on Thursday, November 6th. 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 note on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted 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 report on Tuesday, December 2nd. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $92.50 on Wednesday. The company has a market capitalization of $23.13 billion, a P/E ratio of 118.59 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The company’s fifty day moving average is $98.68 and its two-hundred day moving average is $100.11.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released 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 during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34. Following the transaction, the director directly owned 93,102 shares in the company, valued at approximately $9,546,679.08. This trade represents a 53.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,029,168.00. Following the sale, the insider owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This trade represents a 34.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 201,327 shares of company stock worth $20,553,143 over the last quarter.

About Liberty Media Corporation – Liberty Formula One Series C

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.