Machina Capital S.A.S. Makes New $1.25 Million Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Machina Capital S.A.S. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,517 shares of the company’s stock, valued at approximately $1,249,000.

A number of other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after purchasing an additional 302,191 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock worth $505,297,000 after purchasing an additional 645,996 shares during the last quarter. Bank of America Corp DE increased its position in Liberty Media Corporation – Liberty Formula One Series C by 43.2% in the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock worth $387,845,000 after purchasing an additional 1,376,984 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 58.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,215,272 shares of the company’s stock worth $202,919,000 after purchasing an additional 819,363 shares in the last quarter. Finally, Junto Capital Management LP raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 178.1% during the 2nd quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock worth $162,431,000 after purchasing an additional 1,093,372 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 Price Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $109.44 on Friday. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 127.78 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $80.15 and a one year high of $111.66. The company’s fifty day moving average price is $95.37 and its two-hundred day moving average price is $92.60.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Chase Carey sold 137,331 shares of the company’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $110.14, for a total transaction of $15,125,636.34. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $10,392,369.84. This represents a 59.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 424,331 shares of company stock valued at $46,225,306 over the last ninety days. 4.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Jefferies Financial Group started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Wednesday, September 9th. They set a “buy” rating and a $115.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the company an “equal weight” rating in a research note on Friday, November 6th. Finally, TD Cowen boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.44.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation’s Liberty Formula One Series C stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities. Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.