UBS Group AG Has $71.20 Million Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

UBS Group AG lessened its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 722,797 shares of the company’s stock after selling 163,781 shares during the quarter. UBS Group AG’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $71,203,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FWONK. Axxcess Wealth Management LLC boosted its holdings in 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 worth $552,000 after buying an additional 119 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the 4th quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after acquiring an additional 120 shares during the last quarter. Compound Planning Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the 3rd quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after acquiring an additional 121 shares during the period. Yousif Capital Management LLC boosted its stake 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 acquiring an additional 124 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock worth $57,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FWONK shares. JPMorgan Chase & Co. lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $122.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. UBS Group dropped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, 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 stock from $110.00 to $111.00 in a research report on Monday, January 12th. Six investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.78.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK stock opened at $87.94 on Monday. The firm has a fifty day moving average of $86.70 and a 200-day moving average of $91.33. 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 company has a market capitalization of $19.71 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 15.72 and a beta of 0.44.

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.