Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,855 shares of the company’s stock after purchasing an additional 37,375 shares during the period. Braun Stacey Associates Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $29,860,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 265.1% in the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after buying an additional 841,729 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at about $297,358,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.6% in the fourth 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 period. Resona Asset Management Co. Ltd. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after purchasing an additional 17,405 shares during the last quarter. Finally, Credit Industriel ET Commercial bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the first quarter valued at approximately $1,522,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. UBS Group raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Guggenheim lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Wells Fargo & Company upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein increased their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.3%

Shares of NASDAQ:FWONK opened at $101.80 on Friday. The stock has a 50 day moving average of $99.13 and a 200 day moving average of $91.79. The company has a market cap of $22.84 billion, a PE ratio of 149.71 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.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $952.78 million. Equities research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current fiscal year.

Insider Transactions 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 the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.31% of the company’s stock.

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.