JPMorgan Chase & Co. Grows Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

JPMorgan Chase & Co. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 33.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 357,780 shares of the company’s stock after purchasing an additional 89,673 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $37,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FWONK. Headlands Technologies LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth $39,000. Root Financial Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at $41,000. Farther Finance Advisors LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $47,000 after purchasing an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after purchasing an additional 469 shares during the period. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 5.8%

NASDAQ FWONK opened at $91.59 on Friday. The firm has a market cap of $22.90 billion, a price-to-earnings ratio of 41.63 and a beta of 0.48. The business has a 50-day moving average price of $90.41 and a 200-day moving average price of $96.28. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FWONK. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. Wells Fargo & Company raised Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $93.00 to $95.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus target price of $112.56.

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.