Hsbc Holdings PLC Has $43.77 Million Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Hsbc Holdings PLC reduced its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 39.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 444,389 shares of the company’s stock after selling 292,698 shares during the period. Hsbc Holdings PLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $43,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 15.4% during the 4th quarter. Corient Private Wealth LLC now owns 27,605 shares of the company’s stock worth $2,719,000 after acquiring an additional 3,694 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,719 shares of the company’s stock valued at $1,647,000 after acquiring an additional 584 shares during the period. Naya Capital Management UK Ltd. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter valued at $208,238,000. Vident Advisory LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.0% during the 4th quarter. Vident Advisory LLC now owns 5,455 shares of the company’s stock worth $537,000 after purchasing an additional 161 shares in the last quarter. Finally, KKM Financial LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth $6,156,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FWONK. UBS Group decreased their price target 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 report on Wednesday, April 15th. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. decreased 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 on the stock in a report on Friday, May 29th. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $89.19 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 40.91 and a beta of 0.47. The business’s fifty day moving average is $89.48 and its 200-day moving average is $89.35.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to the consensus estimate of $683.42 million. As a group, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

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

In other news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chase Carey sold 100,000 shares of the firm’s 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 completion of the sale, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

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.