TD Asset Management Inc Buys 150,295 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

TD Asset Management Inc boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,103,812 shares of the company’s stock after buying an additional 150,295 shares during the quarter. TD Asset Management Inc’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $115,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cooper Investors PTY Ltd. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 6.6% during the second quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock worth $21,165,000 after purchasing an additional 12,580 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 193,040 shares of the company’s stock worth $19,655,000 after purchasing an additional 694 shares during the period. Greenwood Gearhart Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Greenwood Gearhart Inc. now owns 175,020 shares of the company’s stock worth $18,289,000 after purchasing an additional 692 shares during the period. Aberdeen Group plc boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the second quarter. Aberdeen Group plc now owns 142,110 shares of the company’s stock worth $14,850,000 after purchasing an additional 10,058 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after purchasing an additional 23,809 shares during the period. Institutional investors own 92.26% of the company’s stock.

Analyst Upgrades and Downgrades

FWONK has been the subject of a number of research reports. Wall Street Zen lowered 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. Guggenheim increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target 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 report on Thursday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday. Finally, Wells Fargo & Company lowered their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.3%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $103.72 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 101.69 and a beta of 0.47. The company’s 50-day moving average price is $101.72 and its 200-day moving average price is $97.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. On average, sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $89,979.60. Following the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 5,651 shares of company stock valued at $572,250 over the last quarter.

About Liberty Media Corporation – Liberty Formula One Series C

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.