Legal & General Group Plc Has $77.71 Million Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Legal & General Group Plc lessened its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 788,804 shares of the company’s stock after selling 54,324 shares during the period. Legal & General Group Plc’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $77,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FWONK. Invesco Ltd. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock worth $52,701,000 after acquiring an additional 170,435 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $502,000. Daiwa Securities Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 20.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock worth $3,902,000 after acquiring an additional 6,285 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $1,863,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $1,255,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in 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 report on Friday, May 1st. Wells Fargo & Company upped their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday. Wall Street Zen downgraded 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. Finally, UBS Group reduced their price objective 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. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and an average price target of $111.22.

Insider Buying and Selling

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.3%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.79 on Friday. 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 firm has a 50 day moving average price of $88.13 and a 200-day moving average price of $90.29. The company has a market capitalization of $20.35 billion, a P/E ratio of 41.65 and a beta of 0.44.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. Equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 EPS for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

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.