Creative Planning Grows Stock Holdings in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Creative Planning grew its position in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 73.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,408 shares of the company’s stock after buying an additional 13,768 shares during the period. Creative Planning’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $3,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FWONA. Callan Family Office LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at approximately $432,000. Cooper Investors PTY Ltd. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 14.0% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock valued at $4,935,000 after purchasing an additional 6,389 shares during the last quarter. Ethic Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth $426,000. Longboard Asset Management LP acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth $272,000. Finally, Credit Industriel ET Commercial purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth $3,256,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $85.18 on Monday. The stock has a 50-day moving average of $92.11 and a two-hundred day moving average of $90.97. The stock has a market cap of $21.30 billion, a P/E ratio of 109.21 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider owned 21,037 shares in the company, valued at $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chase Carey sold 81,006 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total transaction of $8,334,707.34. Following the completion of the transaction, the director owned 93,102 shares in the company, valued at approximately $9,579,264.78. This trade represents a 46.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 203,093 shares of company stock valued at $20,727,414 over the last quarter. 2.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Benchmark reiterated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.