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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $103.00.

A number of research analysts recently issued reports on FWONA shares. Weiss Ratings restated 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 report on Friday, November 21st. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $81.99 on Monday. The stock has a market cap of $20.50 billion, a PE ratio of 105.12 and a beta of 0.55. The stock’s fifty day moving average is $83.33 and its two-hundred day moving average is $87.92. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.97% of the company’s stock.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock valued at $937,000 after acquiring an additional 120 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after purchasing an additional 123 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 19.0% during the third quarter. Jones Financial Companies Lllp now owns 895 shares of the company’s stock worth $85,000 after purchasing an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during 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.