Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 183,396 shares of the company’s stock after buying an additional 13,887 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $19,165,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FWONK. TD Asset Management Inc grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 15.8% in the second quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock valued at $115,348,000 after purchasing an additional 150,295 shares during the last quarter. Strs Ohio acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at about $2,370,000. Russell Investments Group Ltd. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock valued at $11,570,000 after acquiring an additional 23,809 shares in the last quarter. LBP AM SA acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $1,602,000. Finally, Swedbank AB raised its position in Liberty Media Corporation – Liberty Formula One Series C by 210.6% during the first quarter. Swedbank AB now owns 21,781 shares of the company’s stock worth $1,961,000 after acquiring an additional 14,768 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FWONK shares. UBS Group increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.11.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.1%

Shares of NASDAQ:FWONK opened at $102.00 on Wednesday. The company has a market cap of $22.81 billion, a P/E ratio of 130.77 and a beta of 0.46. The business has a fifty day simple moving average of $101.46 and a 200-day simple moving average of $99.95. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at $178,456.20. The trade was a 33.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the transaction, the insider directly owned 21,037 shares in the company, valued at $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,851 shares of company stock valued at $1,601,418.

Liberty Media Corporation – Liberty Formula One Series C Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.