Jain Global LLC Buys 412,557 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Jain Global LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 6,361.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,042 shares of the company’s stock after buying an additional 412,557 shares during the period. Liberty Media Corporation – Liberty Formula One Series C comprises approximately 0.2% of Jain Global LLC’s holdings, making the stock its 27th largest holding. Jain Global LLC owned approximately 0.19% of Liberty Media Corporation – Liberty Formula One Series C worth $43,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $38,000. Osterweis Capital Management Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $39,000. Root Financial Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $41,000. Farther Finance Advisors LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock valued at $47,000 after purchasing an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,605.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 487 shares of the company’s stock valued at $51,000 after purchasing an additional 469 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

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 stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of brokerages recently issued reports on FWONK. 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. JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised 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 stock from $93.00 to $95.00 in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.56.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $83.66 on Monday. 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 stock has a market capitalization of $18.75 billion, a PE ratio of 38.03, a PEG ratio of 12.03 and a beta of 0.44. The stock’s fifty day moving average is $88.03 and its 200-day moving average is $95.17.

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.