American Century Companies Inc. Trims Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

American Century Companies Inc. trimmed its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 34.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 698,037 shares of the company’s stock after selling 366,530 shares during the period. American Century Companies Inc. owned 0.31% of Liberty Media Corporation – Liberty Formula One Series C worth $72,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FWONK. Allspring Global Investments Holdings LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,660 shares of the company’s stock valued at $20,871,000 after purchasing an additional 10,620 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $1,255,000. Aviva PLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 7.4% in the 2nd quarter. Aviva PLC now owns 158,167 shares of the company’s stock valued at $16,528,000 after acquiring an additional 10,932 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 79.9% in the third quarter. Assenagon Asset Management S.A. now owns 85,657 shares of the company’s stock worth $8,947,000 after purchasing an additional 38,054 shares during the period. Finally, Cantillon Capital Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth $121,803,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FWONK. Wells Fargo & Company raised 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 note on Friday, February 27th. Weiss Ratings reissued 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 upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. boosted their target price 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 research report on Tuesday, December 2nd. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and an average price target of $112.56.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 3.7%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $85.48 on Thursday. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 12.77 and a beta of 0.44. The company has a fifty day simple moving average of $89.90 and a 200-day simple moving average of $96.05. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C 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.