Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK)

Sumitomo Mitsui Trust Group Inc. lowered its position in Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,162 shares of the company's stock after selling 14,591 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Liberty Media Corporation - Liberty Formula One Series C worth $46,910,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Praxis Investment Management Inc. grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 10.7% in the 1st quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company's stock worth $888,000 after acquiring an additional 950 shares during the period. Versant Capital Management Inc grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% in the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock worth $194,000 after acquiring an additional 2,013 shares during the period. California State Teachers Retirement System grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after acquiring an additional 6,297 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after acquiring an additional 4,897 shares during the period. Finally, Greenwood Gearhart Inc. grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.7% in the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock worth $16,764,000 after acquiring an additional 4,761 shares during the period. Institutional investors and hedge funds own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Trading Up 0.7%

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded up $0.68 during trading hours on Wednesday, reaching $102.50. 1,089,252 shares of the company's stock were exchanged, compared to its average volume of 1,194,107. Liberty Media Corporation - Liberty Formula One Series C has a 52-week low of $70.31 and a 52-week high of $106.26. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of -256.25 and a beta of 0.47. The company has a fifty day moving average of $96.60 and a 200-day moving average of $92.87.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.23. The business had revenue of $447.00 million for the quarter, compared to analysts' expectations of $440.80 million. On average, equities research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on FWONK shares. JPMorgan Chase & Co. increased their target price on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Rosenblatt Securities increased their target price on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Seaport Res Ptn upgraded Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 16th. Finally, Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $101.83.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series C

In related news, Director Chase Carey sold 50,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director directly owned 93,102 shares of the company's stock, valued at approximately $8,807,449.20. This trade represents a 34.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Liberty Media Corporation - Liberty Formula One Series C Company 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.