Swiss National Bank Purchases 41,400 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Swiss National Bank grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,500 shares of the company’s stock after purchasing an additional 41,400 shares during the period. Swiss National Bank’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $53,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 25.1% in the first quarter. Assetmark Inc. now owns 1,162 shares of the company’s stock worth $99,000 after buying an additional 233 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter worth about $3,296,000. Bessemer Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 25.4% in the 1st quarter. Bessemer Group Inc. now owns 7,451 shares of the company’s stock worth $633,000 after acquiring an additional 1,510 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 27.6% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,693 shares of the company’s stock worth $229,000 after acquiring an additional 583 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at about $201,000. Institutional investors own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 6th. UBS Group lowered their target price 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 note on Wednesday, April 15th. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $110.20.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. 4.31% of the stock is owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.0%

Shares of FWONK stock opened at $96.96 on Thursday. The business has a 50-day moving average price of $92.71 and a two-hundred day moving average price of $89.58. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The firm has a market cap of $21.73 billion, a P/E ratio of 44.48 and a beta of 0.44.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. As a group, research analysts expect 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.