Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price objective lifted by analysts at JPMorgan Chase & Co. from $120.00 to $122.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 32.19% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Bank of America initiated coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They set a “neutral” rating and a $110.00 price objective on the stock. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, November 24th. Finally, UBS Group upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Formula One Series C has an average rating of “Moderate Buy” and an average target price of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.2%

Shares of NASDAQ FWONK opened at $92.29 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The firm’s 50-day simple moving average is $99.66 and its 200 day simple moving average is $100.23. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 118.32 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

In other news, insider Renee L. Wilm sold 11,200 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This represents a 34.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the completion of the sale, the director owned 1,781 shares in the company, valued at $178,456.20. This represents a 33.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 202,225 shares of company stock worth $20,643,122. 4.31% of the stock is owned by insiders.

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

Large investors have recently bought and sold shares of the company. S Bank Fund Management Ltd bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $347,000. Aviva PLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 7.4% during the second quarter. Aviva PLC now owns 158,167 shares of the company’s stock valued at $16,528,000 after purchasing an additional 10,932 shares during the last quarter. Geode Capital Management LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock valued at $400,694,000 after purchasing an additional 126,501 shares during the last quarter. Praxis Investment Management Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series C by 28.1% in the second quarter. Praxis Investment Management Inc. now owns 12,640 shares of the company’s stock valued at $1,321,000 after purchasing an additional 2,770 shares in the last quarter. Finally, Greenland Capital Management LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 147.0% during the 2nd quarter. Greenland Capital Management LP now owns 53,966 shares of the company’s stock worth $5,639,000 after purchasing an additional 32,116 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series C

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.