Liberty Media Corporation – Liberty Formula One Series A $FWONA Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,111,041 shares of the company’s stock after selling 102,398 shares during the period. Vanguard Group Inc. owned about 0.85% of Liberty Media Corporation – Liberty Formula One Series A worth $201,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% during the third quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after buying an additional 123 shares during the period. Jones Financial Companies Lllp increased its holdings in Liberty Media Corporation – Liberty Formula One Series A by 19.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock valued at $85,000 after purchasing an additional 143 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,708 shares of the company’s stock valued at $352,000 after buying an additional 160 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 18.3% during the second quarter. California State Teachers Retirement System now owns 1,431 shares of the company’s stock valued at $136,000 after purchasing an additional 221 shares during the period. Finally, Assetmark Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the 2nd quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 5.5%

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $84.37 on Monday. The firm’s 50 day moving average is $82.67 and its 200 day moving average is $87.72. The firm has a market capitalization of $21.10 billion, a PE ratio of 38.35 and a beta of 0.55. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52.

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

In related news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction 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 owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FWONA has been the topic of several analyst reports. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, November 21st. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.