Norges Bank Purchases Shares of 1,011,778 Liberty Media Corporation – Liberty Formula One Series A $FWONA

Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,011,778 shares of the company’s stock, valued at approximately $90,433,000.

Several other institutional investors have also added to or reduced their stakes in FWONA. TD Waterhouse Canada Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. Global Retirement Partners LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after buying an additional 371 shares during the period. TD Private Client Wealth LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after buying an additional 209 shares during the period. Finally, State of Wyoming purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter valued at about $66,000. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FWONA shares. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Citigroup upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Citizens Jmp began coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, March 30th. They set a “market outperform” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Buy” and an average price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 2.2%

Shares of NASDAQ:FWONA opened at $80.94 on Friday. The company has a market cap of $20.27 billion, a price-to-earnings ratio of 37.13 and a beta of 0.52. The company has a 50-day moving average price of $81.53 and a 200-day moving average price of $82.31. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A Profile

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.