Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKFree Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,490 shares of the company’s stock after selling 7,090 shares during the period. Tredje AP fonden’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,511,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Banco Santander S.A. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $1,685,000. Cantillon Capital Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $121,803,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $3,414,000. JPMorgan Chase & Co. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock worth $37,375,000 after acquiring an additional 89,673 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.6% during the third quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock worth $2,132,636,000 after acquiring an additional 117,804 shares during the period. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.44 on Thursday. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 41.49 and a beta of 0.44. 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 stock has a 50-day simple moving average of $87.52 and a 200-day simple moving average of $90.76.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONKGet Free Report) last announced its quarterly 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 firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $683.42 million. As a group, equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FWONK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Weiss Ratings upgraded 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. Wells Fargo & Company increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. UBS Group decreased their price target 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 report on Wednesday, April 15th. Finally, Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Sunday. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $111.67.

View Our Latest Stock Report on FWONK

About Liberty Media Corporation – Liberty Formula One Series C

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK)

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