TD Waterhouse Canada Inc. trimmed its position in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 49.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,985 shares of the company’s stock after selling 6,802 shares during the period. TD Waterhouse Canada Inc.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $665,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after acquiring an additional 118 shares during the last quarter. Blair William & Co. IL raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.7% during the fourth quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock worth $510,000 after buying an additional 135 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% in the 4th quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,016,000 after purchasing an additional 141 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,616 shares of the company’s stock worth $258,000 after buying an additional 152 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.0% during the fourth quarter. Vident Advisory LLC now owns 5,455 shares of the company’s stock valued at $537,000 after purchasing an additional 161 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.
Liberty Media Corporation – Liberty Formula One Series C Price Performance
Shares of FWONK opened at $96.80 on Thursday. The stock has a fifty day moving average price of $99.85 and a 200 day moving average price of $92.41. The company has a market cap of $21.72 billion, a P/E ratio of 142.35 and a beta of 0.43. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $109.36.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on FWONK. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Bank of America increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. Guggenheim lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Sanford C. Bernstein upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.57.
Get Our Latest Stock Report on Liberty Media Corporation – Liberty Formula One Series C
Insider Activity at Liberty Media Corporation – Liberty Formula One Series C
In related news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the transaction, the insider owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.31% of the company’s stock.
Liberty Media Corporation – Liberty Formula One Series C Profile
Liberty Media Corporation’s Liberty Formula One Group, represented by the Series C Liberty Formula One common stock (NASDAQ: FWONK), is a tracking-stock group tied primarily to the company’s interests in Formula 1. The group’s principal business is the ownership and operation of the Formula 1 racing series, including its commercial rights, media and broadcasting activities, race promotion, sponsorship programs and digital products.
Formula 1 organizes the FIA Formula One World Championship, an international motorsport series featuring races hosted in markets across Europe, North America, Asia, the Middle East and other regions.
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