Liberty Media Series CFWONK
Market Cap: $19.2B
About: Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
Employees: 6,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
45% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 53
41% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 125
19% more funds holding in top 10
Funds holding in top 10: 16 [Q1] → 19 (+3) [Q2]
16% more call options, than puts
Call options by funds: $34.6M | Put options by funds: $29.7M
13% more capital invested
Capital invested by funds: $12.6B [Q1] → $14.3B (+$1.67B) [Q2]
6% more funds holding
Funds holding: 430 [Q1] → 454 (+24) [Q2]
3.16% more ownership
Funds ownership: 92.47% [Q1] → 95.62% (+3.16%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Morgan Stanley Benjamin Swinburne 73% 1-year accuracy 11 / 15 met price target | 10%upside $85 | Equal-Weight Maintained | 23 Sept 2024 |
Morgan Stanley Benjamin Swinburne 73% 1-year accuracy 11 / 15 met price target | 4%upside $80 | Equal-Weight Maintained | 9 Aug 2024 |