Sequoia Financial Advisors LLC Sells 221 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Sequoia Financial Advisors LLC cut its stake in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 4.6% during the second quarter, HoldingsChannel reports. The firm owned 4,594 shares of the company’s stock after selling 221 shares during the period. Sequoia Financial Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooper Investors PTY Ltd. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 6.6% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company’s stock worth $21,165,000 after acquiring an additional 12,580 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock worth $11,570,000 after acquiring an additional 23,809 shares in the last quarter. Voya Investment Management LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 25.8% during the 1st quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock worth $5,618,000 after acquiring an additional 12,817 shares in the last quarter. Strs Ohio bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth about $2,370,000. Finally, LBP AM SA bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth about $1,602,000. 92.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FWONK shares. Susquehanna increased their target price on shares of 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. Guggenheim increased their target price on shares of 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. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.9%

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $98.02 on Tuesday. The firm has a market capitalization of $21.92 billion, a P/E ratio of 96.10 and a beta of 0.47. The company has a 50 day moving average price of $101.98 and a 200 day moving average price of $97.91. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.81 by $0.71. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 5,651 shares of company stock valued at $572,250.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.