Tredje AP fonden Boosts Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Tredje AP fonden boosted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 56.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,580 shares of the company’s stock after acquiring an additional 11,750 shares during the period. Tredje AP fonden’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $3,403,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FWONK. Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $208,588,000. Cantillon Capital Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $121,803,000. Munro Partners purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $111,340,000. Schroder Investment Management Group increased its position in Liberty Media Corporation – Liberty Formula One Series C by 4.9% in the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after buying an additional 402,705 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,625.1% in the second quarter. Balyasny Asset Management L.P. now owns 220,733 shares of the company’s stock valued at $23,067,000 after buying an additional 212,633 shares during the period. 92.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FWONK shares. JPMorgan Chase & Co. increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock 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 report on Monday, December 29th. Wells Fargo & Company lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.20.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.31% of the stock is owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.1%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.24 on Friday. The company’s 50-day moving average price is $91.18 and its 200-day moving average price is $96.57. 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 company has a market cap of $22.56 billion, a price-to-earnings ratio of 115.69 and a beta of 0.48.

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.