Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP lessened its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,844,413 shares of the company’s stock after selling 51,800 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C accounts for approximately 3.1% of Findlay Park Partners LLP’s investment portfolio, making the stock its 5th biggest position. Findlay Park Partners LLP owned about 1.27% of Liberty Media Corporation – Liberty Formula One Series C worth $297,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FWONK. Aster Capital Management DIFC Ltd raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock worth $57,000 after buying an additional 145 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 7.9% during the third quarter. Handelsbanken Fonder AB now owns 62,800 shares of the company’s stock worth $6,559,000 after acquiring an additional 4,600 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $1,685,000. Xponance Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.5% in the 3rd quarter. Xponance Inc. now owns 30,658 shares of the company’s stock valued at $3,202,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 30.8% during the 3rd quarter. Choreo LLC now owns 3,308 shares of the company’s stock valued at $346,000 after purchasing an additional 778 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on FWONK shares. JPMorgan Chase & Co. increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $110.00 to $111.00 in a report on Monday, January 12th. Finally, Wells Fargo & Company raised Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $93.00 to $95.00 in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.56.

Insider Activity

In related news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.31% of the stock is owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 5.8%

Shares of NASDAQ:FWONK opened at $91.59 on Friday. The firm has a market cap of $22.90 billion, a P/E ratio of 41.63 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The business has a fifty day simple moving average of $90.41 and a 200 day simple moving average of $96.28.

About Liberty Media Corporation – Liberty Formula One Series C

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.