SG Americas Securities LLC Purchases 270,068 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

SG Americas Securities LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 556.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,594 shares of the company’s stock after purchasing an additional 270,068 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $27,087,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 265.1% in the fourth quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after acquiring an additional 841,729 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $1,685,000. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock valued at $37,375,000 after purchasing an additional 89,673 shares in the last quarter. ShawSpring Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 3rd quarter valued at about $22,720,000. Finally, Berkshire Hathaway Inc acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at approximately $297,358,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $90.03 on Thursday. The stock has a market capitalization of $20.18 billion, a P/E ratio of 41.30 and a beta of 0.47. The business has a 50-day moving average of $89.47 and a 200-day moving average of $89.32. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $80.15 and a fifty-two week high of $109.36.

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

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FWONK shares. Weiss Ratings raised Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. UBS Group reduced their price target 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 report on Wednesday, April 15th. Wells Fargo & Company increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. dropped 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 on the stock in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $110.43.

About Liberty Media Corporation – Liberty Formula One Series C

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.