Fjarde AP Fonden Fourth Swedish National Pension Fund Has $17.62 Million Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 72.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 207,297 shares of the company’s stock after purchasing an additional 87,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $17,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the second quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock valued at $52,701,000 after purchasing an additional 170,435 shares in the last quarter. Cresset Asset Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $502,000. Daiwa Securities Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 20.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock worth $3,902,000 after purchasing an additional 6,285 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $1,863,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $1,255,000. Institutional investors own 92.26% of the company’s stock.

Insider Transactions 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 Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on 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 owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. 4.31% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $98.50 on Friday. 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 stock has a 50 day moving average price of $90.26 and a 200-day moving average price of $89.48. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $80.15 and a one year high of $109.36.

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 the consensus estimate of $683.42 million. Sell-side analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FWONK. Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. UBS Group cut their price objective 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 report on Wednesday, April 15th. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Wells Fargo & Company boosted 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.