Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives $114.67 Average Target Price from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average rating of “Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $114.6667.

Several research analysts recently issued reports on FWONA shares. Citizens Jmp reissued a “market outperform” rating and set a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. 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. Zacks Research upgraded 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. Citigroup reissued a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This trade represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction on 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 in the company, valued at $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.63% of the company’s stock.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in 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 valued at $365,000 after buying an additional 968 shares in the last quarter. M&T Bank Corp lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.7% during the 2nd quarter. M&T Bank Corp now owns 3,277 shares of the company’s stock valued at $311,000 after acquiring an additional 670 shares during the period. Amundi boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 29.2% during the 2nd quarter. Amundi now owns 14,450 shares of the company’s stock worth $1,336,000 after acquiring an additional 3,264 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 54.2% during 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 in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $96.52 on Monday. The stock has a market capitalization of $24.18 billion, a P/E ratio of 141.94 and a beta of 0.49. 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 company’s fifty day moving average is $89.87 and its two-hundred day moving average is $83.74.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

About Liberty Media Corporation – Liberty Formula One Series A

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.