PNC Financial Services Group Inc. Has $1.01 Million Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

PNC Financial Services Group Inc. decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 13.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,619 shares of the company’s stock after selling 1,535 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $1,005,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after acquiring an additional 110 shares in the last quarter. Blair William & Co. IL boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the second quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after purchasing an additional 118 shares during the last quarter. GAMMA Investing LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 10.9% in the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company’s stock valued at $227,000 after purchasing an additional 213 shares in the last quarter. Golden State Equity Partners increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.0% in the 2nd quarter. Golden State Equity Partners now owns 3,998 shares of the company’s stock valued at $418,000 after buying an additional 226 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $93.52 on Friday. 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 stock has a market capitalization of $23.38 billion, a P/E ratio of 119.90 and a beta of 0.46. The stock has a 50-day simple moving average of $100.95 and a 200 day simple moving average of $100.23.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FWONK shares. Bank of America began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Wells Fargo & Company raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and a consensus target price of $112.11.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, November 10th. The shares were sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the completion of the transaction, the director directly owned 93,102 shares of the company’s stock, valued at $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the transaction, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 206,978 shares of company stock valued at $21,125,393. 4.31% of the stock is owned by insiders.

About Liberty Media Corporation – Liberty Formula One Series C

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.