Liberty Media Corporation – Liberty Formula One Series C $FWONK Stock Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Free Report) by 71.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,037 shares of the company’s stock after selling 14,868 shares during the period. NewEdge Advisors LLC’s holdings in Liberty Media Corporation – Liberty Formula One Series C were worth $574,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FWONK. Squarepoint Ops LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series C by 261.3% in the 2nd quarter. Squarepoint Ops LLC now owns 30,086 shares of the company’s stock worth $2,862,000 after acquiring an additional 21,759 shares during the last quarter. Allworth Financial LP increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 567.6% in the second quarter. Allworth Financial LP now owns 968 shares of the company’s stock worth $92,000 after acquiring an additional 823 shares during the period. Arizona State Retirement System raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.7% during the second quarter. Arizona State Retirement System now owns 61,040 shares of the company’s stock worth $5,807,000 after purchasing an additional 3,313 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth $371,000. Finally, Greenland Capital Management LP acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at $349,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on FWONK shares. UBS Group increased their price target on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Jefferies Financial Group started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, September 9th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Bank of America lifted their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.57.

FWONK stock opened at $95.08 on Friday. The firm has a market cap of $21.33 billion, a PE ratio of 139.82 and a...