23,405 Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,405 shares of the company’s stock, valued at approximately $2,163,000.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 148.5% during the third quarter. IFP Advisors Inc now owns 420 shares of the company’s stock worth $39,000 after purchasing an additional 251 shares during the last quarter. Vontobel Holding Ltd. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 356.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 221,985 shares of the company’s stock valued at $20,511,000 after buying an additional 173,385 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 13.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,893 shares of the company’s stock valued at $723,000 after buying an additional 908 shares during the last quarter. Annex Advisory Services LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $867,000. Finally, Generate Investment Management Ltd acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $4,439,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK opened at $89.27 on Friday. The business’s fifty day moving average is $96.03 and its two-hundred day moving average is $94.10. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 131.28 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $80.15 and a one year high of $107.31.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. On average, analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FWONK shares. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Bank of America boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Susquehanna cut their target price on Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating for the company in a research note on Friday, October 16th. Finally, UBS Group increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.