Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lowered its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 94.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,150 shares of the company’s stock after selling 107,977 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FWONK. Zions Bancorporation National Association UT raised its position in Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $38,000. Osterweis Capital Management Inc. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Liberty Media Corporation – Liberty Formula One Series C by 70.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock worth $42,000 after acquiring an additional 175 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FWONK has been the subject of a number of research reports. Guggenheim lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target 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 report on Friday. Bank of America upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 6th. UBS Group raised their target price 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, Sanford C. Bernstein lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and an average target price of $116.50.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.1%

Shares of FWONK stock opened at $102.73 on Tuesday. The company’s fifty day simple moving average is $95.01 and its 200-day simple moving average is $90.23. The company has a market cap of $23.02 billion, a PE ratio of 151.07 and a beta of 0.43. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 EPS for the current fiscal year.

Insider Activity

In other news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated 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 sale, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.