HB Wealth Management LLC Buys 8,257 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

HB Wealth Management LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 128.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,679 shares of the company’s stock after purchasing an additional 8,257 shares during the quarter. HB Wealth Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,533,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock valued at $613,000 after buying an additional 110 shares in the last quarter. Blair William & Co. IL grew its stake 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 valued at $629,000 after acquiring an additional 118 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 4.7% during the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock worth $286,000 after acquiring an additional 124 shares during the period. Loomis Sayles & Co. L P lifted 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 purchasing an additional 169 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 8.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,293 shares of the company’s stock valued at $240,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.2%

FWONK opened at $90.28 on Monday. The stock has a market capitalization of $22.57 billion, a P/E ratio of 115.75 and a beta of 0.47. The stock has a 50-day moving average price of $96.36 and a 200-day moving average price of $99.64. 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 released its 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FWONK. Wells Fargo & Company increased their price objective 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. Wall Street Zen cut 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. lifted 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 research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.33.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 368,363 shares of company stock valued at $36,650,423. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.