Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC reduced its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 46.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,346 shares of the company’s stock after selling 34,762 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $4,214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $39,000. Root Financial Partners LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the third quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $47,000 after purchasing an additional 262 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% during the third quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock worth $51,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Wells Fargo & Company raised shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Finally, 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 company an “overweight” rating in a research note on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.56.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C 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 transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.8%

Shares of FWONK stock opened at $83.66 on Monday. The stock has a 50-day simple moving average of $88.03 and a 200 day simple moving average of $95.17. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The stock has a market capitalization of $18.75 billion, a P/E ratio of 38.03, a P/E/G ratio of 12.03 and a beta of 0.44.

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.