Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $112.3333.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Zacks Research downgraded Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 8th.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.2%

NASDAQ:FWONK opened at $93.77 on Monday. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The stock’s 50-day simple moving average is $98.05 and its 200 day simple moving average is $100.04. The firm has a market capitalization of $23.45 billion, a PE ratio of 120.22 and a beta of 0.48.

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

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

In related news, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on 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 sale, 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 is accessible through the SEC website. Also, Director Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $102.89, for a total value of $8,334,707.34. Following the sale, the director directly owned 93,102 shares of the company’s stock, valued at $9,579,264.78. This represents a 46.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 201,327 shares of company stock worth $20,553,143 over the last quarter.

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

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $208,588,000. Cantillon Capital Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $121,803,000. Munro Partners bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $111,340,000. Hawk Ridge Capital Management LP purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth about $63,244,000. Finally, Jain Global LLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 6,361.7% during the third quarter. Jain Global LLC now owns 419,042 shares of the company’s stock worth $43,769,000 after acquiring an additional 412,557 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.