Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 130,963 Liberty Media Corporation – Liberty Formula One Series C $FWONK

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the first quarter, Holdings Channel reports. The institutional investor bought 130,963 shares of the company’s stock, valued at approximately $11,134,000.

A number of other large investors also recently modified their holdings of FWONK. Keybank National Association OH boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 19.3% in the 1st quarter. Keybank National Association OH now owns 5,303 shares of the company’s stock valued at $451,000 after buying an additional 859 shares during the period. IFM Investors Pty Ltd raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 8.9% during the first quarter. IFM Investors Pty Ltd now owns 43,387 shares of the company’s stock worth $3,689,000 after acquiring an additional 3,533 shares during the period. Janney Montgomery Scott LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 7.3% during the first quarter. Janney Montgomery Scott LLC now owns 39,494 shares of the company’s stock worth $3,358,000 after acquiring an additional 2,694 shares during the period. Braun Stacey Associates Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.3% in the first quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after acquiring an additional 14,039 shares during the last quarter. Finally, OP Asset Management Ltd bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the first quarter worth about $1,769,000. 92.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Renee L. Wilm sold 11,597 shares of the company’s 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $98.50 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 45.18 and a beta of 0.44. The firm’s 50 day moving average price is $90.04 and its two-hundred day moving average price is $89.42.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. On average, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. UBS Group decreased their price target on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Hold” and an average price target of $110.43.

Liberty Media Corporation – Liberty Formula One Series C 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.