Hsbc Holdings PLC Sells 70,524 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Hsbc Holdings PLC cut its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 15.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 373,865 shares of the company’s stock after selling 70,524 shares during the quarter. Hsbc Holdings PLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $31,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after acquiring an additional 17,405 shares in the last quarter. Credit Industriel ET Commercial acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at $1,522,000. V Square Quantitative Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $51,000. QRG Capital Management Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 4.8% during the first quarter. QRG Capital Management Inc. now owns 6,561 shares of the company’s stock worth $558,000 after acquiring an additional 303 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 72.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 207,297 shares of the company’s stock worth $17,624,000 after acquiring an additional 87,100 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

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 firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.9%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $99.20 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36. The business has a 50 day moving average price of $92.46 and a 200-day moving average price of $89.59. The company has a market cap of $22.23 billion, a PE ratio of 45.50 and a beta of 0.44.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $683.42 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several research analyst reports. Weiss Ratings raised shares of 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. Wall Street Zen raised shares of 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 reduced their target price 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 target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Wells Fargo & Company upped 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 note on Friday, May 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.14.

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.