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

Sequoia Financial Advisors LLC lowered its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 193,040 shares of the company’s stock valued at $19,655,000 after buying an additional 694 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 17.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,880 shares of the company’s stock valued at $1,555,000 after buying an additional 2,219 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $208,000. Aberdeen Group plc raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.6% during the second quarter. Aberdeen Group plc now owns 142,110 shares of the company’s stock valued at $14,850,000 after buying an additional 10,058 shares during the last quarter. Finally, Greenwood Gearhart Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.4% during the second quarter. Greenwood Gearhart Inc. now owns 175,020 shares of the company’s stock valued at $18,289,000 after buying an additional 692 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

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

FWONK stock opened at $98.02 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 96.10 and a beta of 0.47. The firm’s fifty day simple moving average is $101.98 and its two-hundred day simple moving average is $97.91.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on FWONK. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, October 14th. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group restated a “buy” rating and issued a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. Finally, UBS Group boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.22.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,651 shares of company stock valued at $572,250 in the last quarter.

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.