Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives Average Rating of “Moderate Buy” from Brokerages

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $103.00.

Several brokerages have issued reports on FWONA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Finally, Zacks Research cut 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.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $82.40 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 105.64 and a beta of 0.54. The stock has a 50 day moving average price of $87.95 and a 200 day moving average price of $90.44.

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

In related news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Chase Carey sold 109,121 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the sale, the director owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. The trade was a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 368,363 shares of company stock worth $36,650,423. Insiders own 2.97% of the company’s stock.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the period. Assetmark Inc. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 196.2% in the second quarter. Assetmark Inc. now owns 391 shares of the company’s stock valued at $37,000 after buying an additional 259 shares during the last quarter. State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth about $66,000. Finally, MAI Capital Management boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 76.2% during the second quarter. MAI Capital Management now owns 821 shares of the company’s stock worth $78,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.