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

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $103.00.

Several analysts recently issued reports on FWONA shares. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Citizens Jmp began coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 price target on the stock. Citigroup boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $80.94 on Wednesday. The firm has a market cap of $20.27 billion, a P/E ratio of 37.13 and a beta of 0.52. 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 company’s 50-day moving average price is $81.53 and its 200 day moving average price is $82.27.

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 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by company insiders.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company’s stock worth $118,593,000 after purchasing an additional 191,619 shares during the period. Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth approximately $90,433,000. Janus Henderson Group PLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company’s stock worth $78,560,000 after buying an additional 10,603 shares during the period. Sculptor Capital LP raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.7% in the second quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after acquiring an additional 12,786 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares in the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

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.