Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives $110.00 Consensus Price Target from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average recommendation of “Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $110.00.

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, Citizens Jmp restated a “market outperform” rating and set a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Thursday, July 2nd.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of FWONA opened at $90.25 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $99.52. The stock’s fifty day moving average price is $85.77 and its two-hundred day moving average price is $82.25. The firm has a market cap of $22.61 billion, a PE ratio of 41.40 and a beta of 0.50.

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

In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.63% of the company’s stock.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 33.6% in the second quarter. American Century Companies Inc. now owns 3,845 shares of the company’s stock worth $365,000 after purchasing an additional 968 shares during the period. M&T Bank Corp boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 25.7% during the second quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock valued at $311,000 after buying an additional 670 shares during the period. Amundi grew its position in Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the second quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after buying an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 54.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company’s stock worth $251,000 after acquiring an additional 929 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company’s stock worth $15,112,000 after acquiring an additional 4,459 shares during 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.