Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Upgraded by Wall Street Zen to “Hold” Rating

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

FWONK has been the subject of several other reports. Weiss Ratings upgraded Liberty Media Corporation – Liberty Formula One Series C from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. UBS Group decreased their target price on Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.75.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 2.0%

Shares of NASDAQ:FWONK opened at $87.68 on Friday. The stock has a market capitalization of $19.65 billion, a P/E ratio of 40.22 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36. The business has a 50-day moving average price of $88.67 and a two-hundred day moving average price of $89.84.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $683.42 million. As a group, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.98 EPS for the current year.

Insider Activity

In related news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. The trade was a 51.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.31% of the company’s stock.

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

A number of large investors have recently bought and sold shares of the business. Principal Securities Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the 4th quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after purchasing an additional 118 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock worth $552,000 after purchasing an additional 119 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the 4th quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock worth $56,000 after purchasing an additional 120 shares in the last quarter. Compound Planning Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 6.1% during the 3rd quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock worth $219,000 after purchasing an additional 121 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.7% during the 4th quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock worth $510,000 after purchasing an additional 135 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.