Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Shares Down 0.3% – Time to Sell?

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) shares fell 0.3% during mid-day trading on Tuesday. The company traded as low as $81.02 and last traded at $81.99. Approximately 243,599 shares were traded during trading, The stock had previously closed at $82.27.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Citizens Jmp reiterated a “market outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Guggenheim lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $114.67.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

The firm has a market cap of $21.45 billion, a PE ratio of 125.91 and a beta of 0.53. The business’s fifty day moving average is $87.59 and its 200-day moving average is $84.35.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series A

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming raised its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 8.5% during the 3rd quarter. State of Wyoming now owns 3,586 shares of the company’s stock valued at $303,000 after buying an additional 281 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the third quarter worth $1,031,000. GAMMA Investing LLC grew its position in Liberty Media Corporation – Liberty Formula One Series A by 11.0% in the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after acquiring an additional 148 shares in the last quarter. Farther Finance Advisors LLC grew its position in Liberty Media Corporation – Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares in the last quarter. Finally, CX Institutional bought a new position in Liberty Media Corporation – Liberty Formula One Series A in the third quarter valued at $59,000. Institutional investors own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.