AXQ Capital LP Makes New $710,000 Investment in Liberty Media Corporation – Liberty Formula One Series C $FWONK

AXQ Capital LP bought a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,209 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FWONK. Axxcess Wealth Management LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after acquiring an additional 119 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock worth $56,000 after acquiring an additional 120 shares in the last quarter. Compound Planning Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 6.1% during the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock worth $219,000 after acquiring an additional 121 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the fourth quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock worth $1,016,000 after acquiring an additional 141 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 36.0% during the third quarter. Aster Capital Management DIFC Ltd now owns 548 shares of the company’s stock worth $57,000 after acquiring an additional 145 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

Shares of NASDAQ FWONK opened at $89.32 on Wednesday. The business’s 50 day moving average price is $88.29 and its two-hundred day moving average price is $90.13. The company has a market cap of $20.02 billion, a PE ratio of 40.97 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to analyst estimates of $683.42 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group cut their price target 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 report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Company 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.