B. Metzler seel. Sohn & Co. AG Trims Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,464 shares of the company’s stock after selling 7,442 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,869,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FWONK. Axxcess Wealth Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after acquiring an additional 119 shares in the last quarter. Compound Planning Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series C by 6.1% during the 3rd quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock worth $219,000 after purchasing an additional 121 shares in the last quarter. Yousif Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after purchasing an additional 124 shares during the last quarter. Aster Capital Management DIFC Ltd raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 36.0% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock valued at $57,000 after purchasing an additional 145 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 24.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock valued at $89,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.8%

NASDAQ FWONK opened at $84.42 on Tuesday. The business’s 50-day moving average price is $89.11 and its 200 day moving average price is $95.65. 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 company has a market capitalization of $18.92 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 12.04 and a beta of 0.44.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note 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 upped their price objective for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Sanford C. Bernstein upgraded shares of 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 report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and a consensus target price of $112.56.

Insider Activity

In related news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.