Northwestern Mutual Wealth Management Co. Buys 35,728 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Northwestern Mutual Wealth Management Co. increased its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 10,150.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,080 shares of the company’s stock after acquiring an additional 35,728 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $3,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FWONA. American Century Companies Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the 2nd quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock valued at $365,000 after acquiring an additional 968 shares in the last quarter. M&T Bank Corp increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.7% in the 2nd quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock valued at $311,000 after acquiring an additional 670 shares in the last quarter. Amundi increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 29.2% in the 2nd quarter. Amundi now owns 14,450 shares of the company’s stock valued at $1,336,000 after acquiring an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 54.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock valued at $251,000 after acquiring an additional 929 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock valued at $15,112,000 after acquiring an additional 4,459 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA stock opened at $81.91 on Tuesday. The firm has a market capitalization of $20.52 billion, a PE ratio of 37.57 and a beta of 0.50. The firm has a fifty day simple moving average of $80.52 and a two-hundred day simple moving average of $82.86. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52.

Wall Street Analyst Weigh In

FWONA has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Citizens Jmp initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.