Aberdeen Group plc Sells 11,763 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aberdeen Group plc lessened its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 7.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,305 shares of the company’s stock after selling 11,763 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Liberty Media Corporation – Liberty Formula One Series C worth $14,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FWONK. Invesco Ltd. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 51.0% in the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock valued at $52,701,000 after acquiring an additional 170,435 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 8.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,293 shares of the company’s stock valued at $240,000 after acquiring an additional 188 shares during the last quarter. Cresset Asset Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at $502,000. California Public Employees Retirement System raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the second quarter. California Public Employees Retirement System now owns 362,452 shares of the company’s stock valued at $37,876,000 after acquiring an additional 12,076 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 20.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company’s stock valued at $3,902,000 after acquiring an additional 6,285 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $110.00 to $111.00 in a research note on Monday, January 12th. JPMorgan Chase & Co. decreased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Friday, March 27th. Finally, Wells Fargo & Company dropped their price target on Liberty Media Corporation – Liberty Formula One Series C from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.11.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $86.50 on Wednesday. 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’s 50-day moving average is $86.01 and its 200 day moving average is $93.25. The company has a market cap of $19.38 billion, a P/E ratio of 39.32, a PEG ratio of 15.51 and a beta of 0.53.

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.