Liberty Media Corporation – Liberty Formula One Series C $FWONK Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 13.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,598 shares of the company’s stock after selling 80,958 shares during the period. Goldman Sachs Group Inc. owned about 0.21% of Liberty Media Corporation – Liberty Formula One Series C worth $48,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FWONK. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $999,000. Swedbank AB grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 210.6% during the first quarter. Swedbank AB now owns 21,781 shares of the company’s stock worth $1,961,000 after purchasing an additional 14,768 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 25.8% during the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company’s stock worth $5,618,000 after purchasing an additional 12,817 shares in the last quarter. Strs Ohio acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter worth $2,370,000. Finally, Allstate Corp grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.8% during the first quarter. Allstate Corp now owns 8,253 shares of the company’s stock worth $743,000 after purchasing an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,651 shares of company stock valued at $572,250 over the last three months. 4.31% of the stock is currently owned by corporate insiders.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of FWONK opened at $99.44 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $74.34 and a 1-year high of $106.26. The stock has a market cap of $22.24 billion, a PE ratio of 97.49 and a beta of 0.46. The firm has a fifty day moving average price of $100.90 and a 200 day moving average price of $95.18.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FWONK. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. UBS Group boosted their target price 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 note on Friday, August 8th. Rosenblatt Securities boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Bank of America began coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, August 4th. They issued a “neutral” rating and a $110.00 price target for the company. Finally, Guggenheim boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has an average rating of “Moderate Buy” and a consensus price target of $111.22.

About Liberty Media Corporation – Liberty Formula One Series C

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.