Sequoia Financial Advisors LLC Sells 248 Shares of Liberty Media Corporation – Liberty Formula One Series A $FWONA

Sequoia Financial Advisors LLC decreased its stake in Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the company’s stock after selling 248 shares during the period. Sequoia Financial Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series A were worth $361,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FWONA. Russell Investments Group Ltd. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 28.9% in the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 191 shares during the last quarter. Quantbot Technologies LP lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after purchasing an additional 916 shares during the last quarter. Plancorp LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $214,000. Signaturefd LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 11.4% in the 2nd quarter. Signaturefd LLC now owns 2,750 shares of the company’s stock valued at $261,000 after purchasing an additional 281 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $272,000. Institutional investors own 8.38% of the company’s stock.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 5,651 shares of company stock worth $572,250 over the last quarter. 2.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FWONA has been the subject of several recent analyst reports. Guggenheim raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 0.7%

Liberty Media Corporation – Liberty Formula One Series A stock opened at $89.74 on Wednesday. The stock has a market cap of $22.38 billion, a P/E ratio of 87.98 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $68.00 and a twelve month high of $99.52. The company’s 50-day moving average price is $92.40 and its two-hundred day moving average price is $88.69.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A 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.