Flputnam Investment Management Co. Acquires 58,469 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Flputnam Investment Management Co. raised its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 988.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,387 shares of the company’s stock after buying an additional 58,469 shares during the quarter. Flputnam Investment Management Co.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $6,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FWONK. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth $38,000. Osterweis Capital Management Inc. bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $46,000. Finally, Assetmark Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% during the second quarter. Assetmark Inc. now owns 500 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares during the period. 92.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 15th. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Wells Fargo & Company boosted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research cut Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.33.

Insider Activity

In other news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of 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 document filed with the SEC, which is available at this hyperlink. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 368,363 shares of company stock valued at $36,650,423.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.1%

FWONK stock opened at $97.18 on Monday. The firm has a market capitalization of $24.30 billion, a PE ratio of 124.59 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock’s 50 day moving average is $97.06 and its 200-day moving average is $100.03.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

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.