Korea Investment CORP Sells 23,000 Shares of Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Korea Investment CORP trimmed its stake in Liberty Media — Formula One (NASDAQ:FWONK) by 27.6%, selling 23,000 shares and retaining 60,472 shares valued at about $6.32 million.
• Director Chase Carey sold 83,536 shares on Dec. 17 for an average $96.95 (≈$8.10 million), cutting his ownership by 46.96%; insiders now hold 4.31% of the stock.
• Wall Street consensus is a Moderate Buy with a $112.56 target, while FWONK trades near $85.19 and has a 12‑month range of $75.26–$109.36.

Korea Investment CORP decreased its position in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 27.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,472 shares of the company's stock after selling 23,000 shares during the period. Korea Investment CORP's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $6,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the 2nd quarter valued at approximately $38,000. Osterweis Capital Management Inc. purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Root Financial Partners LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 138.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company's stock valued at $47,000 after purchasing an additional 262 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 2,605.6% in the third quarter. SJS Investment Consulting Inc. now owns 487 shares of the company's stock worth $51,000 after buying an additional 469 shares during the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FWONK has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Monday, December 29th. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $110.00 to $111.00 in a research report on Monday, January 12th. Finally, Wells Fargo & Company upgraded Liberty Media Corporation - Liberty Formula One Series C from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $93.00 to $95.00 in a research note on Friday, February 27th. 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.56.

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

In related news, Director Chase Carey sold 83,536 shares of the firm's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares of the company's stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.31% of the stock is owned by insiders.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

FWONK stock opened at $85.19 on Friday. The company has a market capitalization of $19.09 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 12.11 and a beta of 0.44. Liberty Media Corporation - Liberty Formula One Series C has a 12 month low of $75.26 and a 12 month high of $109.36. The firm's fifty day simple moving average is $88.32 and its 200-day simple moving average is $95.38.

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.

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