Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 989,602 shares of the company’s stock after purchasing an additional 102,586 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $94,234,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth $96,078,000. Highbridge Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 27.8% during the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after acquiring an additional 79,413 shares during the last quarter. Cooper Investors PTY Ltd. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the 3rd quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock worth $10,758,000 after purchasing an additional 61,011 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $3,530,000. Finally, Credit Industriel ET Commercial purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $3,256,000. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of FWONA stock opened at $78.97 on Tuesday. The firm’s 50-day simple moving average is $85.22 and its 200-day simple moving average is $89.13. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52. The firm has a market cap of $19.75 billion, a P/E ratio of 101.24 and a beta of 0.55.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 109,121 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Monday, November 10th. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34. Following the transaction, the director owned 93,102 shares in the company, valued at $9,546,679.08. This trade represents a 53.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 368,363 shares of company stock worth $36,650,423. 2.97% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FWONA shares. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research lowered shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Benchmark reaffirmed a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.