Rep. August Pfluger Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Shares

Representative August Pfluger (R-Texas) recently bought shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK). In a filing disclosed on January 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Liberty Media Corporation – Liberty Formula One Series C stock on December 16th. The trade occurred in the Representative’s “CP ROTH IRA” account.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.4%

Shares of FWONK stock opened at $87.39 on Friday. The stock has a market capitalization of $21.85 billion, a P/E ratio of 112.04 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The stock has a 50-day simple moving average of $94.22 and a 200 day simple moving average of $98.80.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.18). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock worth $20,871,000 after purchasing an additional 10,620 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $1,255,000. S Bank Fund Management Ltd bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $347,000. Assenagon Asset Management S.A. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 79.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company’s stock worth $8,947,000 after buying an additional 38,054 shares during the period. Finally, Aviva PLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 7.4% in the 2nd quarter. Aviva PLC now owns 158,167 shares of the company’s stock valued at $16,528,000 after buying an additional 10,932 shares during the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FWONK has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price 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 research note on Friday, October 3rd. JPMorgan Chase & Co. boosted their price objective 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, December 2nd. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.20.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares in the company, valued at $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chase Carey sold 109,121 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the sale, the director directly owned 93,102 shares in the company, valued at approximately $9,546,679.08. This represents a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 368,363 shares of company stock valued at $36,650,423. Company insiders own 4.31% of the company’s stock.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

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.