Envestnet Asset Management Inc. Has $41.14 Million Stock Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Envestnet Asset Management Inc. lowered its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 393,881 shares of the company’s stock after selling 16,456 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Liberty Media Corporation – Liberty Formula One Series C worth $41,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FWONK. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $38,000. Osterweis Capital Management Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth approximately $39,000. Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter worth $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $46,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after acquiring an additional 262 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FWONK shares. Wells Fargo & Company upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.20.

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

In other news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $85.73 on Wednesday. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 109.91 and a beta of 0.48. The stock has a fifty day moving average of $92.04 and a 200-day moving average of $97.29.

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.