Whittier Trust Co. Sells 10,000 Shares of Liberty Media Corporation – Liberty Formula One Series C $FWONK

Whittier Trust Co. decreased its position in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 94.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557 shares of the company’s stock after selling 10,000 shares during the quarter. Whittier Trust Co.’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $58,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FWONK. US Bancorp DE grew its position in Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock worth $613,000 after purchasing an additional 110 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after buying an additional 118 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the 3rd quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock worth $286,000 after buying an additional 124 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 24.7% in the second quarter. Loomis Sayles & Co. L P now owns 852 shares of the company’s stock valued at $89,000 after acquiring an additional 169 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,293 shares of the company’s stock valued at $240,000 after acquiring an additional 188 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FWONK has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded 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. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $110.00 to $111.00 in a research note on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.2%

Shares of NASDAQ FWONK opened at $88.03 on Thursday. The company has a market cap of $22.01 billion, a P/E ratio of 112.86 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week high of $109.36. The business has a 50-day simple moving average of $93.54 and a two-hundred day simple moving average of $98.38.

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 firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

In related news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 368,363 shares of company stock worth $36,650,423 over the last quarter.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.