Sumitomo Mitsui DS Asset Management Company Ltd Purchases New Shares in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,405 shares of the company’s stock, valued at approximately $2,163,000.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after buying an additional 302,191 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock valued at $505,297,000 after acquiring an additional 645,996 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.2% in the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock valued at $387,845,000 after acquiring an additional 1,376,984 shares in the last quarter. Hawk Ridge Capital Management LP lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 38.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company’s stock valued at $157,258,000 after acquiring an additional 518,300 shares in the last quarter. Finally, Junto Capital Management LP lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 178.1% in the second quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after acquiring an additional 1,093,372 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on FWONK shares. Guggenheim upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 17th. Jefferies Financial Group started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They set a “buy” rating and a $115.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Bank of America boosted their price objective 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. Finally, Susquehanna reduced their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $114.00 to $110.00 and set a “positive” rating on the stock in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.1%

Shares of NASDAQ FWONK opened at $89.27 on Friday. The stock has a market capitalization of $20.03 billion, a PE ratio of 131.28 and a beta of 0.46. The firm has a fifty day moving average of $96.03 and a 200-day moving average of $94.10. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $107.31.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C tracking stock represents an economic interest in the company’s Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport’s international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.