Envestnet Asset Management Inc. Increases Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Envestnet Asset Management Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 410,337 shares of the company’s stock after buying an additional 1,057 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Liberty Media Corporation – Liberty Formula One Series C worth $42,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FWONK. Nisa Investment Advisors LLC increased its position in Liberty Media Corporation – Liberty Formula One Series C by 10.2% during the second quarter. Nisa Investment Advisors LLC now owns 87,122 shares of the company’s stock valued at $9,104,000 after acquiring an additional 8,047 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $46,000. Cookson Peirce & Co. Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.6% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 51,235 shares of the company’s stock valued at $5,354,000 after purchasing an additional 326 shares during the period. Carmel Capital Partners LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 10.4% during the 2nd quarter. Carmel Capital Partners LLC now owns 17,712 shares of the company’s stock valued at $1,851,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $211,000. Institutional investors own 92.26% of the company’s stock.

Analysts Set New Price Targets

FWONK has been the topic of a number of research reports. UBS Group raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Wells Fargo & Company dropped 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 research note on Friday, August 8th. Bank of America began coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 price objective for the company. Guggenheim raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.22.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the transaction, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 5,651 shares of company stock valued at $572,250. 4.31% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 1.4%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $99.85 on Friday. The stock’s fifty day moving average price is $101.34 and its 200-day moving average price is $99.00. The firm has a market cap of $22.33 billion, a P/E ratio of 97.89 and a beta of 0.47. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates 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. Analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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.