PFA Pension Forsikringsaktieselskab Invests $4.77 Million in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 48,590 shares in Liberty Media - Formula One Series C in Q4, valued at approximately $4.77 million.
• 92.26% institutional ownership — several other hedge funds and institutional investors have also recently added small positions in FWONK.
• Analyst sentiment is mixed but tilts positive with a consensus "Moderate Buy" and a target price of $110.78; recent notes include JPMorgan trimming its target to $115 (still overweight), Bernstein upgrading to outperform, and Wall Street Zen downgrading to sell.

PFA Pension Forsikringsaktieselskab acquired a new stake in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,590 shares of the company's stock, valued at approximately $4,772,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Liberty Media Corporation - Liberty Formula One Series C in the third quarter valued at $34,000. Headlands Technologies LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter valued at $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter worth $39,000. Root Financial Partners LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the 3rd quarter worth about $41,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 138.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 451 shares of the company's stock worth $47,000 after buying an additional 262 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Formula One Series C Stock Up 0.3%

Shares of NASDAQ:FWONK opened at $88.17 on Tuesday. The company has a market cap of $19.76 billion, a P/E ratio of 40.08, a P/E/G ratio of 15.72 and a beta of 0.44. The business has a fifty day simple moving average of $86.70 and a 200-day simple moving average of $91.33. Liberty Media Corporation - Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36.

Analyst Ratings Changes

FWONK has been the subject of several recent research reports. JPMorgan Chase & Co. dropped 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 for the company in a report on Thursday, March 19th. 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. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $110.00 to $111.00 in a research note on Monday, January 12th. UBS Group cut their price objective on 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 report on Wednesday, April 15th. Finally, Weiss Ratings raised Liberty Media Corporation - Liberty Formula One Series C from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.78.

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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