Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,983,116 shares of the company’s stock after buying an additional 36,599 shares during the period. Geode Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $391,290,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at approximately $34,000. Headlands Technologies LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $39,000. FNY Investment Advisers LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at approximately $48,000. Finally, Aster Capital Management DIFC Ltd lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the third quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock valued at $57,000 after buying an additional 145 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ FWONK opened at $90.79 on Monday. The company’s fifty day simple moving average is $88.13 and its 200-day simple moving average is $90.20. 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 market cap of $20.35 billion, a P/E ratio of 41.65 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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. On average, research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on FWONK shares. 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 report on Friday, May 1st. UBS Group reduced their price target 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 report on Wednesday, April 15th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Wells Fargo & Company lifted their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target 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 report on Friday. Six 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 an average rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C 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.