Aberdeen Group plc Purchases 13,958 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aberdeen Group plc raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 9.8% during the third quarter, HoldingsChannel reports. The firm owned 156,068 shares of the company’s stock after purchasing an additional 13,958 shares during the period. Aberdeen Group plc’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $16,301,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FWONK. Headlands Technologies LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $39,000. Root Financial Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $46,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% during 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 during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

NASDAQ:FWONK opened at $89.43 on Thursday. The firm’s fifty day moving average is $91.32 and its two-hundred day moving average is $96.69. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 114.66 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36.

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

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Wells Fargo & Company increased their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. upped their target price 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 report on Tuesday, December 2nd. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell 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 an average price target of $112.20.

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.