Aaron Wealth Advisors LLC Decreases Position in Liberty Media Corporation – Liberty Formula One Series C $FWONK

Aaron Wealth Advisors LLC lessened its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) by 60.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,495 shares of the company’s stock after selling 5,417 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Silver Point Capital L.P. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth about $302,000. Berkshire Hathaway Inc acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth $297,358,000. Naya Capital Management UK Ltd. acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 4th quarter worth about $208,238,000. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter worth about $195,762,000. Finally, Franklin Resources Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 265.1% during the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock worth $114,192,000 after buying an additional 841,729 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 1.4%

Shares of NASDAQ:FWONK opened at $93.48 on Tuesday. The company has a market cap of $20.95 billion, a P/E ratio of 42.88 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $109.36. The company has a 50-day moving average price of $89.57 and a 200 day moving average price of $89.33.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $711.00 million for the quarter, compared to analyst estimates of $683.42 million. Analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.91 EPS for the current year.

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

In related news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider owned 15,590 shares of the company’s stock, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their position. The SEC filing for this sale provides additional information.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FWONK shares. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. UBS Group dropped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C presently has a consensus rating of “Hold” and an average price target of $110.43.

Liberty Media Corporation – Liberty Formula One Series C Profile

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.