Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock: Vontobel Holding Ltd. Grows Position

Vontobel Holding Ltd. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 356.8% during the third quarter, Holdings Channel reports. The institutional investor owned 221,985 shares of the company’s stock after buying an additional 173,385 shares during the period. Vontobel Holding Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $20,511,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FWONK. TD Waterhouse Canada Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,893 shares of the company’s stock valued at $723,000 after acquiring an additional 908 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth about $867,000. Generate Investment Management Ltd purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth about $4,439,000. Cooper Investors PTY Ltd. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 167.4% in the third quarter. Cooper Investors PTY Ltd. now owns 312,499 shares of the company’s stock worth $28,875,000 after acquiring an additional 195,639 shares during the last quarter. Finally, Lincoln Capital LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.0% in the third quarter. Lincoln Capital LLC now owns 87,968 shares of the company’s stock worth $8,150,000 after acquiring an additional 3,373 shares during the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK remained flat at $90.81 during midday trading on Friday. The stock had a trading volume of 1,878,139 shares, compared to its average volume of 2,602,936. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $107.31. The company has a market cap of $20.37 billion, a P/E ratio of 133.54 and a beta of 0.46. The business has a fifty day moving average of $97.28 and a two-hundred day moving average of $93.92.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $952.78 million. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FWONK shares. JPMorgan Chase & Co. boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Jefferies Financial Group assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target on the stock. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a report on Sunday, October 11th. Wells Fargo & Company decreased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 29th. Finally, Susquehanna lowered their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and an average target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.