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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONAGet Free Report) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $101.25.

A number of brokerages have recently issued reports on FWONA. Sanford C. Bernstein assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 4th. They set a “market perform” rating and a $105.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, February 24th. They set an “underweight” rating and a $83.00 price objective on the stock. Guggenheim restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 3rd. Susquehanna initiated coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, April 28th. They issued a “positive” rating and a $115.00 target price for the company. Finally, Benchmark reissued a “buy” rating and set a $102.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, June 12th.

View Our Latest Analysis on FWONA

Insider Buying and Selling

In related news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director now owns 93,102 shares in the company, valued at $8,973,170.76. This trade represents a 51.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.97% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FWONA. Russell Investments Group Ltd. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock worth $56,000 after purchasing an additional 266 shares in the last quarter. Strs Ohio acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the first quarter valued at about $2,232,000. Quantbot Technologies LP boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 61.6% during the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock worth $196,000 after buying an additional 916 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 2.3% during the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock worth $9,381,000 after buying an additional 2,625 shares in the last quarter. Finally, S&CO Inc. grew its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company’s stock worth $5,503,000 after buying an additional 660 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA opened at $93.25 on Wednesday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $63.01 and a one year high of $95.33. The stock has a market capitalization of $23.26 billion, a P/E ratio of -233.13 and a beta of 0.49. The business’s 50-day simple moving average is $85.07 and its 200-day simple moving average is $84.28.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONAGet Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $400.00 million for the quarter, compared to analyst estimates of $440.80 million. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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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.

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Analyst Recommendations for Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA)

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