Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock Position Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 28.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,999 shares of the company’s stock after selling 8,116 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock worth $400,694,000 after buying an additional 126,501 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,916,759 shares of the company’s stock worth $200,301,000 after buying an additional 12,466 shares during the last quarter. TD Asset Management Inc raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 15.8% during the second quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock worth $115,348,000 after purchasing an additional 150,295 shares during the period. Rathbones Group PLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.5% during the 2nd quarter. Rathbones Group PLC now owns 1,046,021 shares of the company’s stock worth $109,309,000 after buying an additional 4,717 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the second quarter. Swiss National Bank now owns 640,800 shares of the company’s stock valued at $66,964,000 after acquiring an additional 45,200 shares during the period. Institutional investors own 92.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday. UBS Group upped 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 report on Friday, August 8th. Bank of America assumed coverage on Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and a consensus target price of $112.11.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the sale, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $100.20, for a total transaction of $89,979.60. Following the transaction, the director owned 1,781 shares in the company, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 202,225 shares of company stock valued at $20,643,122. 4.31% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $95.64 on Thursday. The company has a market capitalization of $23.91 billion, a PE ratio of 122.62 and a beta of 0.46. The business has a 50 day simple moving average of $100.58 and a 200 day simple moving average of $100.29. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company 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.