TD Waterhouse Canada Inc. Cuts Stake in Liberty Media Corporation – Liberty Formula One Series C $FWONK

by · The Markets Daily

TD Waterhouse Canada Inc. reduced its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 49.3% in the second quarter, Holdings Channel.com reports. The fund 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after purchasing an additional 118 shares during the period. Blair William & Co. IL raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.7% in the 4th quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock valued at $510,000 after buying an additional 135 shares during the period. Clearstead Advisors LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the 4th quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock worth $1,016,000 after purchasing an additional 141 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 6.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,616 shares of the company’s stock worth $258,000 after purchasing an additional 152 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.0% in 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 last quarter. Institutional investors own 92.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. UBS Group raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a report on Saturday, August 8th. Guggenheim lifted their target price on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.57.

Get Our Latest Stock Analysis on FWONK

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

In other news, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.31% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $96.80 on Thursday. The stock has a market capitalization of $21.72 billion, a P/E ratio of 142.35 and a beta of 0.43. The business has a fifty day moving average price of $99.85 and a 200-day moving average price of $92.41. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. As a group, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current year.

Liberty Media Corporation – Liberty Formula One Series C Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding FWONK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report).