Liberty Media Corporation - Liberty Formula One Series C $FWONK Shares Acquired by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. increased its FWONK stake by 167.4% in the third quarter, acquiring 195,639 additional shares for a total of 312,499 shares valued at approximately $28.9 million.
• Institutional ownership remains high at 92.26%, with several major investors—including Janus Henderson, Bank of America and Berkshire Hathaway—holding or expanding significant positions.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus and an average $116.29 price target, while FWONK recently traded at $93.02 after the company missed quarterly EPS and revenue estimates.

Cooper Investors PTY Ltd. grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 167.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,499 shares of the company's stock after acquiring an additional 195,639 shares during the period. Liberty Media Corporation - Liberty Formula One Series C comprises approximately 15.4% of Cooper Investors PTY Ltd.'s investment portfolio, making the stock its biggest holding. Cooper Investors PTY Ltd. owned approximately 0.14% of Liberty Media Corporation - Liberty Formula One Series C worth $28,875,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in Liberty Media Corporation - Liberty Formula One Series C by 2.9% in the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company's stock worth $925,299,000 after purchasing an additional 302,191 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Liberty Media Corporation - Liberty Formula One Series C by 13.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company's stock valued at $505,297,000 after purchasing an additional 645,996 shares in the last quarter. Jericho Capital Asset Management L.P. raised its position in Liberty Media Corporation - Liberty Formula One Series C by 17.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,542,396 shares of the company's stock valued at $447,471,000 after purchasing an additional 688,000 shares in the last quarter. Bank of America Corp DE raised its position in Liberty Media Corporation - Liberty Formula One Series C by 43.2% during the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company's stock valued at $387,845,000 after purchasing an additional 1,376,984 shares in the last quarter. Finally, Berkshire Hathaway Inc purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the 4th quarter worth $297,358,000. Hedge funds and other institutional investors own 92.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "strong sell" rating in a research report on Sunday. Jefferies Financial Group started coverage on Liberty Media Corporation - Liberty Formula One Series C in a report on Wednesday, September 9th. They issued a "buy" rating and a $115.00 price objective for the company. Bank of America lifted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the company a "buy" rating in a report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company dropped their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $96.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Formula One Series C currently has an average rating of "Moderate Buy" and an average target price of $116.29.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.79 during mid-day trading on Tuesday, reaching $93.02. 3,394,597 shares of the company were exchanged, compared to its average volume of 2,097,942. The business has a fifty day moving average of $97.87 and a 200 day moving average of $93.75. The firm has a market cap of $20.87 billion, a P/E ratio of 136.79 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a 12-month low of $80.15 and a 12-month high of $107.31.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $952.78 million. Sell-side analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 2.00 EPS for the current year.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

Liberty Media Corporation's Liberty Formula One Series C represents a non-voting tracking stock associated with the company's Formula One Group. The group's principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship's commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.

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