Sprinkle Financial Consultants LLC cut its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 83.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,826 shares of the company’s stock after selling 34,623 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $649,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Silver Point Capital L.P. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter worth $302,000. Berkshire Hathaway Inc bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at $297,358,000. Naya Capital Management UK Ltd. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter valued at about $208,238,000. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at approximately $195,762,000. Finally, Bank of America Corp DE boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after purchasing an additional 1,376,984 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $102.85 on Friday. The business has a fifty day simple moving average of $94.78 and a two-hundred day simple moving average of $90.13. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of 151.25 and a beta of 0.43.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on FWONK shares. JPMorgan Chase & Co. increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Sanford C. Bernstein raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.50.
View Our Latest Stock Analysis on Liberty Media Corporation – Liberty Formula One Series C
Key Stories Impacting Liberty Media Corporation – Liberty Formula One Series C
Here are the key news stories impacting Liberty Media Corporation – Liberty Formula One Series C this week:
- Positive Sentiment: JPMorgan raised its price target from $124 to $125 and maintained an overweight rating, implying substantial upside and signaling continued confidence in Formula One’s long-term growth prospects. Benzinga analyst update
- Positive Sentiment: UBS increased its price target from $104 to $110. Although it retained a neutral rating, the higher valuation suggests improved expectations for FWONK’s earnings or business outlook. Benzinga analyst update
- Positive Sentiment: Wells Fargo lifted its target from $97 to $105 while maintaining an equal-weight rating. The revision provides modest upside support despite a cautious overall stance. Benzinga analyst update
- Neutral Sentiment: Liberty Media reported its second-quarter 2026 financial and operating results and discussed them during its earnings call. The available reports did not provide additional details beyond the earnings figures. Second-quarter financial and operating results
- Negative Sentiment: Second-quarter earnings and revenue missed analyst expectations. FWONK reported adjusted earnings of $0.02 per share versus estimates ranging from $0.16 to $0.24, while revenue of $934 million fell short of the approximately $953 million consensus. Earnings also declined sharply from $1.52 per share a year earlier, creating a fundamental headwind for the stock. Zacks second-quarter earnings report
Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C
In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This represents a 51.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.31% of the company’s stock.
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.
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