SEB Asset Management AB Makes New $5.37 Million Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

SEB Asset Management AB bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 1st quarter, Holdings Channel reports. The fund bought 63,160 shares of the company’s stock, valued at approximately $5,370,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FWONK. Vanguard Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock valued at $2,081,841,000 after purchasing an additional 715,525 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock worth $1,250,671,000 after buying an additional 129,822 shares in the last quarter. Silver Point Capital L.P. purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth about $302,000. Jericho Capital Asset Management L.P. grew its position in Liberty Media Corporation – Liberty Formula One Series C by 17.8% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company’s stock worth $447,471,000 after buying an additional 688,000 shares during the period. Finally, Geode Capital Management LLC grew its position in Liberty Media Corporation – Liberty Formula One Series C by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,983,116 shares of the company’s stock worth $391,290,000 after buying an additional 36,599 shares during the period. 92.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FWONK has been the subject of a number of research reports. Bank of America lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen raised Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Wells Fargo & Company boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.20.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.0%

Shares of FWONK opened at $96.96 on Thursday. The stock has a market cap of $21.73 billion, a P/E ratio of 44.48 and a beta of 0.44. The company has a 50-day moving average of $92.71 and a two-hundred day moving average of $89.58. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $683.42 million. As a group, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C 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.