Allspring Global Investments Holdings LLC Decreases Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Allspring Global Investments cut its stake in Liberty Media — Formula One Series C by 98.9% in Q4, selling 201,477 shares and leaving it with 2,183 shares valued at $214,000.
• Institutional ownership remains very high at 92.26%, with major moves including Invesco boosting its position by 51% to 504,313 shares (≈$52.7M) and several funds (Cresset, Qube, Squarepoint) establishing new stakes.
• Analyst views are mixed but the consensus is a "Moderate Buy" with an average price target of $111.11, amid individual targets and rating changes ranging roughly from $89 to $115–122.

Allspring Global Investments Holdings LLC cut its holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 98.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,183 shares of the company's stock after selling 201,477 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $214,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 51.0% during the second quarter. Invesco Ltd. now owns 504,313 shares of the company's stock worth $52,701,000 after purchasing an additional 170,435 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $502,000. Daiwa Securities Group Inc. boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 20.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,335 shares of the company's stock worth $3,902,000 after purchasing an additional 6,285 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $1,863,000. Finally, Squarepoint Ops LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the second quarter worth $1,255,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company decreased their target price on Liberty Media Corporation - Liberty Formula One Series C from $95.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 7th. 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 Saturday, March 28th. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. JPMorgan Chase & Co. decreased their target price on Liberty Media Corporation - Liberty Formula One Series C from $122.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C has an average rating of "Moderate Buy" and a consensus price target of $111.11.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $90.68 on Tuesday. The firm has a market cap of $20.32 billion, a PE ratio of 41.22, a P/E/G ratio of 15.67 and a beta of 0.53. The firm has a 50 day simple moving average of $86.18 and a 200-day simple moving average of $92.84. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $77.00 and a 1-year high of $109.36.

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.

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