Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) insider Renee Wilm sold 11,597 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the sale, the insider owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Liberty Media Corporation - Liberty Formula One Series C Trading Down 0.5%
Shares of FWONK stock opened at $89.63 on Wednesday. The stock has a market capitalization of $20.09 billion, a P/E ratio of 41.11 and a beta of 0.47. The firm's 50 day moving average is $89.24 and its 200 day moving average is $89.50. Liberty Media Corporation - Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $109.36.
Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to analysts' expectations of $683.42 million. On average, equities analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.91 EPS for the current year.
Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series C
A number of institutional investors have recently made changes to their positions in FWONK. Invesco Ltd. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 51.0% in the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company's stock worth $52,701,000 after buying an additional 170,435 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter worth $502,000. Daiwa Securities Group Inc. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 20.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company's stock worth $3,902,000 after buying an additional 6,285 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at $1,863,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at $1,255,000. Institutional investors own 92.26% of the company's stock.
Wall Street Analyst Weigh In
FWONK has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $107.00 to $104.00 and set a "neutral" rating on the stock in a report on Wednesday, April 15th. Wells Fargo & Company upped their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an "equal weight" rating in a report on Friday, May 8th. Wall Street Zen raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "hold" rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $111.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C currently has an average rating of "Moderate Buy" and a consensus target price of $111.75.
Check Out Our Latest Stock Report on FWONK
About Liberty Media Corporation - Liberty Formula One Series C
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Get Free Report)
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.
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