Lincoln Capital LLC Grows Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Lincoln Capital LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,595 shares of the company’s stock after buying an additional 5,500 shares during the quarter. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 1.4% of Lincoln Capital LLC’s holdings, making the stock its 17th largest holding. Lincoln Capital LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $8,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently 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 fourth 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 during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter worth approximately $297,358,000. Braun Stacey Associates Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.3% in the first quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock worth $23,506,000 after buying an additional 14,039 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,558 shares of the company’s stock worth $21,231,000 after acquiring an additional 17,102 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 21.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after acquiring an additional 17,405 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.4%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $96.05 on Thursday. The firm has a market cap of $21.52 billion, a P/E ratio of 44.06 and a beta of 0.43. 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 stock’s fifty day moving average price is $94.37 and its 200-day moving average price is $89.97.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share 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. Analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group reduced their target price on 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 upped 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. Guggenheim raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Bank of America lifted their price objective 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. 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 research report on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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

In related news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred 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 transaction, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 $1,404,503.10. This trade represents a 42.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.31% of the stock is currently owned by corporate insiders.

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.