Swedbank AB Has $1.96 Million Stake in Liberty Media Corporation - Liberty Formula One Series C $FWONK

Key Points

• Swedbank AB increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 210.6%, owning 21,781 shares valued at approximately $1.96 million after acquiring 14,768 additional shares in the first quarter.
• Insiders have recently sold shares, with Director Malcolm Ian Grant Gilchrist selling 3,885 shares for nearly $398,000, and a total of 5,651 shares sold over the last quarter valued at $572,250.
• Analysts have differing views on the stock, with price targets ranging from $86.00 to $121.00, reflecting a consensus rating of "Moderate Buy" and an average price target of $111.22.

Swedbank AB grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 210.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,781 shares of the company's stock after purchasing an additional 14,768 shares during the quarter. Swedbank AB's holdings in Liberty Media Corporation - Liberty Formula One Series C were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FWONK. Public Employees Retirement System of Ohio increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after buying an additional 4,897 shares during the period. California State Teachers Retirement System increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after purchasing an additional 6,297 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after purchasing an additional 23,809 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 25.8% in the 1st quarter. Voya Investment Management LLC now owns 62,413 shares of the company's stock valued at $5,618,000 after purchasing an additional 12,817 shares during the last quarter. Finally, Strs Ohio acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter worth about $2,370,000. 92.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FWONK has been the topic of several research reports. Zacks Research lowered Liberty Media Corporation - Liberty Formula One Series C from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. Guggenheim upped their price target on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Susquehanna upped their price target on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a "positive" rating in a report on Wednesday, June 25th. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price target on Liberty Media Corporation - Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.22.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 0.0%

Shares of NASDAQ:FWONK traded down $0.01 during midday trading on Friday, reaching $103.67. The company's stock had a trading volume of 1,995,375 shares, compared to its average volume of 883,953. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 101.64 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a 1 year low of $74.34 and a 1 year high of $106.26. The business has a 50 day moving average price of $100.81 and a 200 day moving average price of $95.46.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.71. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the transaction, the director directly owned 1,781 shares of the company's stock, valued at $178,456.20. The trade was a 33.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 5,651 shares of company stock worth $572,250 over the last 90 days. 4.31% of the stock is currently owned by insiders.

About Liberty Media Corporation - Liberty Formula One Series C

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.