Keystone Investors PTE Ltd. Invests $918,000 in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Keystone Investors PTE Ltd. bought a new position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,319 shares of the company’s stock, valued at approximately $918,000.

Several other institutional investors and hedge funds have also modified their holdings of FWONK. Principal Securities Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock valued at $466,000 after acquiring an additional 118 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the 3rd 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 raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% during 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% during 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 last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the 4th quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,016,000 after acquiring an additional 141 shares during the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.6%

FWONK opened at $88.93 on Friday. 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 fifty day simple moving average of $89.16 and a 200 day simple moving average of $89.59. The stock has a market cap of $19.93 billion, a P/E ratio of 40.79 and a beta of 0.47.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. On average, equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 earnings per share for the current fiscal year.

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

In related news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FWONK has been the subject of several recent research reports. Wells Fargo & Company upped their target price on shares of 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. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. UBS Group dropped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C presently has an average rating of “Moderate Buy” and an average price target of $111.75.

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.