Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab reduced its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 94.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,150 shares of the company’s stock after selling 107,977 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FWONK. Zions Bancorporation National Association UT raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $34,000. Headlands Technologies LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at approximately $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 70.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock valued at $42,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, July 29th. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a report on Saturday. Bank of America raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Guggenheim lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.50.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK opened at $102.73 on Tuesday. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 151.07 and a beta of 0.43. The stock’s 50-day moving average is $95.01 and its two-hundred day moving average is $90.23. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. Equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 earnings per share for the current fiscal year.

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.