Jennison Associates LLC Invests $949,000 in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Jennison Associates LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,631 shares of the company’s stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter valued at $34,000. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $39,000. Root Financial Partners LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at about $41,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $47,000 after buying an additional 262 shares during the period. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $87.94 on Monday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $109.36. The firm has a market capitalization of $19.71 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 15.72 and a beta of 0.44. The firm has a 50-day moving average price of $86.70 and a 200 day moving average price of $91.33.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price 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, April 7th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. lowered their price objective on 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. Finally, UBS Group cut their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.78.

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.