TD Asset Management Inc Acquires 23,470 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

TD Asset Management Inc boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,127,282 shares of the company’s stock after acquiring an additional 23,470 shares during the quarter. TD Asset Management Inc owned 0.50% of Liberty Media Corporation – Liberty Formula One Series C worth $117,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after acquiring an additional 119 shares during the last quarter. Compound Planning Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after purchasing an additional 121 shares during the period. Yousif Capital Management LLC raised its position in Liberty Media Corporation – Liberty Formula One Series C by 4.7% during the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock worth $286,000 after purchasing an additional 124 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 24.7% during the 2nd quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock worth $89,000 after buying an additional 169 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 941 shares of the company’s stock worth $98,000 after buying an additional 172 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.31% of the stock is owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK opened at $89.29 on Thursday. The firm has a market cap of $22.33 billion, a PE ratio of 114.48 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $75.26 and a 52-week high of $109.36. The business’s 50 day moving average price is $90.72 and its two-hundred day moving average price is $96.37.

Analyst Upgrades and Downgrades

FWONK has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.20.

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.