Chesapeake Capital Corp IL Invests $798,000 in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Chesapeake Capital Corp IL purchased a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the third quarter, Holdings Channel reports. The fund purchased 7,641 shares of the company’s stock, valued at approximately $798,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $39,000. Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $41,000. Farther Finance Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the third 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 period. Finally, SJS Investment Consulting Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the third quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after purchasing an additional 469 shares during the period. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $83.66 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The firm has a market capitalization of $18.75 billion, a P/E ratio of 38.03, a P/E/G ratio of 12.25 and a beta of 0.44. The business has a 50 day simple moving average of $88.03 and a 200 day simple moving average of $95.25.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction 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 sale, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FWONK shares. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Finally, 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. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.56.

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.