Rep. August Pfluger Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock

Representative August Pfluger (R-Texas) recently bought shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK). In a filing disclosed on January 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Liberty Media Corporation – Liberty Formula One Series C stock on December 16th. The trade occurred in the Representative’s “CP ROTH IRA” account.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ FWONK traded up $0.22 on Friday, hitting $87.61. 675,739 shares of the stock were exchanged, compared to its average volume of 1,673,590. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The company has a market capitalization of $21.91 billion, a PE ratio of 112.32 and a beta of 0.47. The business’s fifty day moving average is $94.22 and its 200 day moving average is $98.80.

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

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated 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 completion of the sale, the insider owned 21,037 shares of the company’s stock, valued at $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chase Carey sold 83,536 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 368,363 shares of company stock valued at $36,650,423 over the last ninety days. 4.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several recent research reports. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their price target for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Wall Street Zen downgraded 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. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.20.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

A number of large investors have recently bought and sold shares of FWONK. Advisory Services Network LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $34,000. Headlands Technologies LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $39,000. Root Financial Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $46,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

About Liberty Media Corporation – Liberty Formula One Series C

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.