Liberty Media Corporation – Liberty Formula One Series C $FWONK Position Lifted by Citigroup Inc.

Citigroup Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 154,364 shares of the company’s stock after purchasing an additional 5,492 shares during the period. Citigroup Inc. owned 0.07% of Liberty Media Corporation – Liberty Formula One Series C worth $16,123,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FWONK. Norges Bank acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $208,588,000. Cantillon Capital Management LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at approximately $121,803,000. Munro Partners bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $111,340,000. Schroder Investment Management Group grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% in the 2nd quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock worth $904,653,000 after acquiring an additional 402,705 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,625.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 220,733 shares of the company’s stock worth $23,067,000 after acquiring an additional 212,633 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $91.59 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $75.26 and a 1 year high of $109.36. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 41.63 and a beta of 0.48. The stock’s fifty day moving average is $90.41 and its two-hundred day moving average is $96.28.

Wall Street Analysts Forecast Growth

FWONK has been the topic of several research reports. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $93.00 to $95.00 in a research report on Friday. Finally, JPMorgan Chase & Co. lifted 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 report on Tuesday, December 2nd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.56.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.31% of the stock is currently owned by corporate insiders.

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.