Sands Capital Management LLC Grows Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Sands Capital Management LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 5.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,014,627 shares of the company’s stock after purchasing an additional 103,594 shares during the period. Sands Capital Management LLC owned 0.90% of Liberty Media Corporation – Liberty Formula One Series C worth $210,428,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FWONK. Assetmark Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 199.4% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the company’s stock valued at $52,000 after buying an additional 333 shares in the last quarter. Bank of Montreal Can raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 9.7% during the 2nd quarter. Bank of Montreal Can now owns 17,562 shares of the company’s stock worth $1,835,000 after acquiring an additional 1,557 shares during the period. Los Angeles Capital Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $261,000. Aviva PLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 7.4% during the second quarter. Aviva PLC now owns 158,167 shares of the company’s stock valued at $16,528,000 after purchasing an additional 10,932 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 183,396 shares of the company’s stock worth $19,165,000 after purchasing an additional 13,887 shares during the period. Institutional investors own 92.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $93.00 to $95.00 in a research report on Friday, February 27th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $111.00 in a report on Monday, January 12th. JPMorgan Chase & Co. upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and a consensus price target of $112.56.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.9%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $86.01 on Wednesday. The company’s 50-day moving average price is $88.87 and its 200-day moving average price is $95.53. The company has a market cap of $19.27 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 12.13 and a beta of 0.44. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

About Liberty Media Corporation – Liberty Formula One Series C

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.