Aberdeen Group plc Buys 13,958 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aberdeen Group plc grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,068 shares of the company’s stock after purchasing an additional 13,958 shares during the period. Aberdeen Group plc owned approximately 0.07% of Liberty Media Corporation – Liberty Formula One Series C worth $16,301,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

FWONK has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their target price on shares of 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. Wells Fargo & Company raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.20.

Insiders Place Their Bets

In related news, Director Chase Carey sold 83,536 shares of the stock in a transaction dated 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 owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 3.1%

NASDAQ FWONK opened at $89.43 on Thursday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The company has a market capitalization of $22.36 billion, a P/E ratio of 114.66 and a beta of 0.48. The stock’s 50-day moving average price is $91.32 and its 200-day moving average price is $96.69.

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.