Principal Financial Group Inc. Acquires 337,607 Shares of Liberty Media Corporation - Liberty Formula One Series A $FWONA

Key Points

• Principal Financial Group Inc. raised its stake in Liberty Media — Formula One Series A (FWONA) by 34.1%, buying 337,607 shares to hold 1,327,209 shares (a 0.53% stake) valued at about $118.63 million at quarter-end.
• Analysts give FWONA a consensus rating of Moderate Buy with an average target price of $102.40, based on 1 Strong Buy, 4 Buy, 1 Hold and 1 Sell rating.
• FWONA recently traded at $81.67, with a market cap of $20.46 billion, a trailing P/E of 37.12, and a 52-week range of $73.70–$99.52.

Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327,209 shares of the company's stock after buying an additional 337,607 shares during the period. Principal Financial Group Inc. owned 0.53% of Liberty Media Corporation - Liberty Formula One Series A worth $118,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company's stock valued at $937,000 after acquiring an additional 120 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Liberty Media Corporation - Liberty Formula One Series A by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company's stock valued at $859,000 after purchasing an additional 123 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Liberty Media Corporation - Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company's stock valued at $34,000 after buying an additional 125 shares during the period. Jones Financial Companies Lllp boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 19.0% during the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company's stock worth $85,000 after buying an additional 143 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company's stock worth $27,000 after buying an additional 150 shares during the period. 8.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FWONA has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Zacks Research cut shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong sell" rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Friday, March 27th. Citizens Jmp initiated coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, March 30th. They issued a "market outperform" rating and a $100.00 price objective for the company. Finally, Citigroup lowered their target price 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 note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.40.

Liberty Media Corporation - Liberty Formula One Series A Trading Up 1.7%

FWONA stock opened at $81.67 on Thursday. The stock has a 50-day moving average price of $79.53 and a two-hundred day moving average price of $83.44. Liberty Media Corporation - Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $99.52. The stock has a market cap of $20.46 billion, a PE ratio of 37.12 and a beta of 0.50.

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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