Vanguard Group Inc. Reduces Holdings in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Vanguard Group Inc. reduced its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,299,966 shares of the company’s stock after selling 58,291 shares during the period. Vanguard Group Inc. owned about 9.08% of Liberty Media Corporation – Liberty Formula One Series C worth $2,121,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creative Planning increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 7.1% in the 2nd quarter. Creative Planning now owns 8,303 shares of the company’s stock worth $868,000 after purchasing an additional 550 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 4.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,593 shares of the company’s stock valued at $3,301,000 after purchasing an additional 1,372 shares in the last quarter. Geode Capital Management LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock valued at $400,694,000 after purchasing an additional 126,501 shares during the period. Forsta AP Fonden increased its position in Liberty Media Corporation – Liberty Formula One Series C by 2.1% in the second quarter. Forsta AP Fonden now owns 42,800 shares of the company’s stock worth $4,473,000 after buying an additional 900 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Liberty Media Corporation – Liberty Formula One Series C by 23.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 194,350 shares of the company’s stock worth $20,310,000 after buying an additional 36,453 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

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

In other news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the sale, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This represents a 34.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chase Carey sold 81,006 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total transaction of $8,334,707.34. Following the completion of the transaction, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. This trade represents a 46.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 206,978 shares of company stock valued at $21,125,393. 4.31% of the stock is currently owned by insiders.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK stock opened at $93.52 on Friday. The company’s fifty day moving average price is $100.95 and its 200-day moving average price is $100.23. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $75.26 and a one year high of $109.36. The company has a market capitalization of $23.38 billion, a PE ratio of 119.90 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FWONK has been the topic of a number of analyst reports. UBS Group lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Wells Fargo & Company raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday. Finally, Bank of America initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They set a “neutral” rating and a $110.00 target price on the stock. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.11.

Liberty Media Corporation – Liberty Formula One Series C 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.