Danske Bank A S Acquires 29,581 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Danske Bank A S increased its holding in Liberty Media — Formula One Series C (NASDAQ: FWONK) by 20.2% in Q4, buying 29,581 shares to own 176,368 shares (~0.07% of the company) valued at about $17.37 million per its SEC filing.
• Institutional ownership is high at 92.26%, with other firms also adding positions — notably Mitsubishi UFJ Trust & Banking raised its stake to 214,919 shares ($21.17M), while Jennison Associates and M&T Bank opened or increased positions.
• FWONK opened at $87.94 (1‑year range $80.15–$109.36), has a market cap of $19.71B and a P/E of ~39.97; analysts hold a consensus "Moderate Buy" with a $110.78 average target amid mixed recent rating changes and some price-target cuts.

Danske Bank A S grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,368 shares of the company's stock after buying an additional 29,581 shares during the period. Danske Bank A S owned 0.07% of Liberty Media Corporation - Liberty Formula One Series C worth $17,374,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC bought a new position in Liberty Media Corporation - Liberty Formula One Series C during the 4th quarter valued at about $949,000. Canandaigua National Trust Co of Florida bought a new position in Liberty Media Corporation - Liberty Formula One Series C during the 4th quarter valued at about $231,000. Keybank National Association OH lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 6.2% during the 4th quarter. Keybank National Association OH now owns 4,444 shares of the company's stock valued at $438,000 after acquiring an additional 259 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 10.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 214,919 shares of the company's stock valued at $21,172,000 after acquiring an additional 21,020 shares during the period. Finally, M&T Bank Corp increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 41.7% during the 4th quarter. M&T Bank Corp now owns 5,855 shares of the company's stock valued at $577,000 after purchasing an additional 1,722 shares during the last quarter. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Shares of FWONK opened at $87.94 on Monday. Liberty Media Corporation - Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The company has a 50 day simple moving average of $86.70 and a two-hundred day simple moving average of $91.33. The firm has a market cap of $19.71 billion, a P/E ratio of 39.97, a price-to-earnings-growth ratio of 15.72 and a beta of 0.44.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and upped their price target for the company from $110.00 to $111.00 in a research report on Monday, January 12th. Wall Street Zen lowered shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Wells Fargo & Company decreased their target price on shares of 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 note on Tuesday, April 7th. UBS Group reduced their price objective 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 note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 note on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.78.

Liberty Media Corporation - Liberty Formula One Series C Company 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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