Artisan Partners Limited Partnership Has $235.76 Million Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Artisan Partners Limited Partnership trimmed its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,393,215 shares of the company’s stock after selling 325,221 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $235,756,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of 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 valued at $114,192,000 after acquiring an additional 841,729 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at $1,685,000. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock valued at $37,375,000 after acquiring an additional 89,673 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock valued at $2,132,636,000 after acquiring an additional 117,804 shares in the last quarter. Finally, ShawSpring Partners LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at $22,720,000. 92.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FWONK. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. cut their price objective on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Wells Fargo & Company upped 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. Weiss Ratings upgraded 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. Finally, UBS Group decreased 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 for the company in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 100,000 shares of the 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 completion of the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.5%

FWONK opened at $89.63 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The company has a fifty day moving average of $89.24 and a 200-day moving average of $89.50. The stock has a market cap of $20.09 billion, a PE ratio of 41.11 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

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.