Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,844,413 shares of the company’s stock after selling 51,800 shares during the period. Liberty Media Corporation – Liberty Formula One Series C makes up 3.1% of Findlay Park Partners LLP’s holdings, making the stock its 5th biggest holding. Findlay Park Partners LLP’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $297,099,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $208,588,000. Cantillon Capital Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth approximately $121,803,000. Munro Partners bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth approximately $111,340,000. Schroder Investment Management Group lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 4.9% in the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock valued at $904,653,000 after buying an additional 402,705 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,625.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 220,733 shares of the company’s stock worth $23,067,000 after buying an additional 212,633 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FWONK has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $93.00 to $95.00 in a research report on Friday. Finally, JPMorgan Chase & Co. raised 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 note on Tuesday, December 2nd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.56.

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

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of NASDAQ FWONK opened at $91.59 on Friday. The company has a 50-day moving average price of $90.41 and a 200-day moving average price of $96.28. The stock has a market capitalization of $22.90 billion, a P/E ratio of 41.63 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36.

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.