Avanza Fonder AB Increases Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Avanza Fonder AB increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 54.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,170 shares of the company’s stock after purchasing an additional 7,825 shares during the period. Avanza Fonder AB’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $2,184,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FWONK. Advisory Services Network LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth $34,000. Headlands Technologies LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $38,000. Osterweis Capital Management Inc. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $39,000. Root Financial Partners LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $41,000. Finally, Farther Finance Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the third quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $47,000 after acquiring an additional 262 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FWONK. Weiss Ratings restated 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. dropped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $93.00 to $95.00 in a research note on Friday, February 27th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.78.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $83.40 on Wednesday. The firm has a fifty day moving average price of $86.86 and a 200 day moving average price of $94.39. 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 cap of $18.69 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 11.99 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.