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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $114.6667.

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. Citizens Jmp reaffirmed a “market outperform” rating and set 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. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Finally, Guggenheim increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 14th.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 1.0%

Liberty Media Corporation – Liberty Formula One Series A stock opened at $96.52 on Monday. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 141.94 and a beta of 0.49. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $73.70 and a 12-month high of $99.52. The firm has a 50 day moving average of $89.87 and a 200 day moving average of $83.71.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 6th. The company reported $0.02 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 analysts’ expectations of $954.37 million.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This trade represents a 42.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chase Carey sold 100,000 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Several institutional investors have recently made changes to their positions in FWONA. American Century Companies Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the second quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock valued at $365,000 after purchasing an additional 968 shares during the last quarter. M&T Bank Corp increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.7% during the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock worth $311,000 after purchasing an additional 670 shares in the last quarter. Amundi lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the 2nd quarter. Amundi now owns 14,450 shares of the company’s stock valued at $1,336,000 after purchasing an additional 3,264 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 54.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after buying an additional 929 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Liberty Media Corporation – Liberty Formula One Series A by 2.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock valued at $15,112,000 after buying an additional 4,459 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.