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

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $114.6667.

FWONA has been the subject of a number of recent research reports. Guggenheim increased their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Finally, Citizens Jmp reaffirmed 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 report on Thursday, July 2nd.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ FWONA opened at $85.90 on Friday. 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 has a market capitalization of $21.52 billion, a P/E ratio of 126.32 and a beta of 0.49. The company’s 50 day simple moving average is $91.35 and its 200 day simple moving average is $85.14.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FWONA. TD Private Client Wealth LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after acquiring an additional 209 shares in the last quarter. Cross Staff Investments Inc acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter valued at approximately $109,000. State of Wyoming increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.1% during the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $114,000 after purchasing an additional 587 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock valued at $118,000 after purchasing an additional 272 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 58.2% in the 2nd quarter. Allworth Financial LP now owns 1,675 shares of the company’s stock valued at $147,000 after purchasing an additional 616 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Series A represents an interest in the company’s Formula One Group, which is primarily involved in the commercial and promotional management of the Formula 1 World Championship. The business oversees the global championship’s commercial rights, including race promotion, media and broadcasting rights, sponsorships, hospitality, licensing and other related activities.

Formula 1 organizes and promotes a worldwide motor racing series featuring events held across Europe, the Americas, Asia, the Middle East and Australia.