Liberty Media Corporation - Liberty Formula One Series A $FWONA Shares Bought by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its stake in Liberty Media’s Formula One Class A shares by 848.4% in Q4, adding 29,413 shares to hold 32,880 shares valued at about $2.94 million.
• Analyst sentiment is positive overall—one Strong Buy, four Buy and two Hold ratings—giving an average rating of "Moderate Buy" and an average target price of $102.40, well above the current price.
• FWONA trades around $79.92 with a market cap of about $20.02 billion, a P/E of 36.33, and a 52-week range of $73.70–$99.52.

M&T Bank Corp grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 848.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,880 shares of the company's stock after acquiring an additional 29,413 shares during the period. M&T Bank Corp's holdings in Liberty Media Corporation - Liberty Formula One Series A were worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company's stock valued at $94,234,000 after acquiring an additional 102,586 shares during the period. GAM Holding AG acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A during the 3rd quarter valued at approximately $1,608,000. Credit Industriel ET Commercial lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 35.4% during the 3rd quarter. Credit Industriel ET Commercial now owns 46,411 shares of the company's stock valued at $4,419,000 after acquiring an additional 12,122 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A during the 3rd quarter valued at approximately $627,000. Finally, Jones Financial Companies Lllp lifted 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 valued at $85,000 after acquiring an additional 143 shares during the period. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FWONA shares. Citizens Jmp started coverage on 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 objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Friday, March 27th. Zacks Research downgraded Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Finally, Citigroup cut their price objective on Liberty Media Corporation - Liberty Formula One Series A from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $102.40.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

FWONA stock opened at $79.92 on Tuesday. The stock has a market capitalization of $20.02 billion, a P/E ratio of 36.33 and a beta of 0.59. Liberty Media Corporation - Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The company has a 50 day moving average price of $79.64 and a two-hundred day moving average price of $83.94.

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.

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