16,133 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Acquired by Banco Santander S.A.

Banco Santander S.A. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,133 shares of the company’s stock, valued at approximately $1,685,000.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $38,000. Osterweis Capital Management Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $39,000. Root Financial Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth about $41,000. Farther Finance Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after purchasing an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% during the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after purchasing an additional 469 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ FWONK opened at $91.59 on Friday. The company’s fifty day simple moving average is $90.41 and its 200-day simple moving average is $96.28. 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 stock has a market cap of $22.90 billion, a P/E ratio of 41.63 and a beta of 0.48.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the business’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 transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on FWONK shares. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price 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. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $110.00 to $111.00 in a report on Monday, January 12th. Finally, Wells Fargo & Company upgraded Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $93.00 to $95.00 in a report on Friday. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.56.

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.