Dockside LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,691 shares of the company’s stock, valued at approximately $3,516,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FWONK. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth $195,762,000. Franklin Resources Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after purchasing an additional 841,729 shares during the last quarter. Vanguard Group Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock worth $2,081,841,000 after purchasing an additional 715,525 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth $69,318,000. Finally, Hawk Ridge Capital Management LP acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $63,244,000. Institutional investors and hedge funds own 92.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on FWONK shares. JPMorgan Chase & Co. lowered their target price 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 note on Friday, May 29th. Weiss Ratings raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. UBS Group lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company lifted their target price on shares of 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 note on Friday, May 8th. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.
Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C
In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.31% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.6%
NASDAQ FWONK opened at $88.93 on Friday. The firm has a market cap of $19.93 billion, a PE ratio of 40.79 and a beta of 0.47. 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 business’s fifty day simple moving average is $89.16 and its 200-day simple moving average is $89.59.
Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $683.42 million. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.
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.
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