Northwestern Mutual Wealth Management Co. Purchases 35,728 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Northwestern Mutual Wealth Management Co. lifted its position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 10,150.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,080 shares of the company’s stock after acquiring an additional 35,728 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $3,225,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. State of Wyoming bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth $66,000. Jones Financial Companies Lllp grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after acquiring an additional 143 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 18.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock worth $136,000 after acquiring an additional 221 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 44.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,550 shares of the company’s stock worth $148,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ:FWONA opened at $81.91 on Tuesday. The company’s 50-day moving average is $80.52 and its 200 day moving average is $82.86. The company has a market capitalization of $20.52 billion, a P/E ratio of 37.57 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $99.52.

Analyst Ratings Changes

Several research firms have recently issued reports on FWONA. Citizens Jmp started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price for the company. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Citigroup boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has a consensus rating of “Buy” and a consensus price target of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.