US Bancorp DE Increases Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

US Bancorp DE lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 5,866 shares of the company’s stock after acquiring an additional 110 shares during the period. US Bancorp DE’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $613,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $29,000. Western Pacific Wealth Management LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 71.4% during the second quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company’s stock worth $125,000 after acquiring an additional 500 shares during the period. Cigna Investments Inc. New purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $222,000. Finally, GAMMA Investing LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.9% during the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock worth $227,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $98.95 on Monday. The firm has a market capitalization of $22.13 billion, a PE ratio of 97.01 and a beta of 0.47. The business’s fifty day moving average price is $101.93 and its 200 day moving average price is $97.79. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 5,651 shares of company stock valued at $572,250 in the last three months.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Wells Fargo & Company cut their price objective on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th. Susquehanna upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, Guggenheim increased their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.22.

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.