Lincoln Capital LLC Acquires 37,744 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Lincoln Capital LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 91.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,095 shares of the company’s stock after acquiring an additional 37,744 shares during the period. Liberty Media Corporation – Liberty Formula One Series C accounts for 1.3% of Lincoln Capital LLC’s portfolio, making the stock its 18th largest holding. Lincoln Capital LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $6,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.6% in the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after purchasing an additional 118 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after purchasing an additional 120 shares during the period. Blair William & Co. IL grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.7% during the fourth quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock valued at $510,000 after purchasing an additional 135 shares during the period. Clearstead Advisors LLC increased its position in Liberty Media Corporation – Liberty Formula One Series C by 1.4% in the fourth quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock worth $1,016,000 after buying an additional 141 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 0.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,832 shares of the company’s stock worth $3,234,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

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

In related news, insider Renee L. Wilm sold 11,597 shares of the firm’s 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 completion of 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 is accessible through this link. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C 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 owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ:FWONK traded up $0.22 during trading on Friday, hitting $96.13. 1,483,710 shares of the company’s stock were exchanged, compared to its average volume of 2,060,985. The business’s 50-day simple moving average is $91.28 and its 200 day simple moving average is $89.52. The company has a market cap of $21.54 billion, a price-to-earnings ratio of 44.10 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FWONK has been the topic of several recent research reports. Weiss Ratings raised 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. Wells Fargo & Company boosted their price objective on 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 note on Friday, May 8th. JPMorgan Chase & Co. reduced their target price 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 report on Friday, May 29th. UBS Group decreased 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. Finally, Bank of America lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.14.

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.