Liberty Media Corporation – Liberty Formula One Series C $FWONK Holdings Increased by Alamut Investment Management LLP

Alamut Investment Management LLP boosted its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,311 shares of the company’s stock after purchasing an additional 6,908 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises 23.5% of Alamut Investment Management LLP’s investment portfolio, making the stock its 3rd biggest position. Alamut Investment Management LLP owned about 0.08% of Liberty Media Corporation – Liberty Formula One Series C worth $19,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 265.1% in the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after purchasing an additional 841,729 shares in the last quarter. Banco Santander S.A. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth approximately $1,685,000. JPMorgan Chase & Co. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock worth $37,375,000 after purchasing an additional 89,673 shares in the last quarter. Vanguard Group Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,417,770 shares of the company’s stock worth $2,132,636,000 after purchasing an additional 117,804 shares in the last quarter. Finally, ShawSpring Partners LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth approximately $22,720,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FWONK shares. 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 note on Friday, May 1st. JPMorgan Chase & Co. decreased 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 report on Friday, May 29th. Wells Fargo & Company increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. 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 on the stock in a report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and an average target price of $111.75.

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

In related news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was 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 approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.31% of the stock is currently owned by company insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $90.35 on Thursday. 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 firm’s fifty day moving average is $89.32 and its 200 day moving average is $89.46. The firm has a market cap of $20.25 billion, a P/E ratio of 41.45 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. As a group, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

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.