UBS Group AG Has $11.65 Million Stake in Liberty Media Corporation – Liberty Formula One Series A $FWONA

UBS Group AG lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 11.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 130,375 shares of the company’s stock after acquiring an additional 13,302 shares during the period. UBS Group AG’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $11,653,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock worth $31,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the period. State of Wyoming acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter worth approximately $66,000. Finally, Jones Financial Companies Lllp grew its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FWONA shares. Citizens Jmp started 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. Citigroup lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. 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 report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has a consensus rating of “Buy” and an average target price of $103.40.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ FWONA opened at $82.07 on Friday. The stock has a market cap of $20.56 billion, a P/E ratio of 37.65 and a beta of 0.50. The firm has a 50 day moving average price of $79.92 and a 200 day moving average price of $83.21. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $73.70 and a 52-week high of $99.52.

About Liberty Media Corporation – Liberty Formula One Series A

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.