AG2R LA Mondiale Gestion D Actifs Has $940,000 Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

AG2R LA Mondiale Gestion D Actifs decreased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,997 shares of the company’s stock after selling 1,355 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $940,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FWONK. GW&K Investment Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of 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 stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $46,000. Allianz Asset Management GmbH grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 144.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 769 shares of the company’s stock worth $80,000 after buying an additional 455 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the 2nd quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $94.65 on Monday. The company has a market capitalization of $21.17 billion, a P/E ratio of 92.80 and a beta of 0.47. The company’s 50 day moving average price is $101.82 and its two-hundred day moving average price is $98.38. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. UBS Group lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Bank of America initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 5,651 shares of company stock worth $572,250.

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.