Liberty Media Corporation – Liberty Formula One Series C (FWONK) – What Are Brokerages Saying About This Stock?

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $115.50.

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, July 29th. Wells Fargo & Company lowered their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 29th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “strong sell” rating in a report on Sunday, October 11th. Finally, Sanford C. Bernstein raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $90.81 on Friday. The business’s 50 day moving average is $97.28 and its two-hundred day moving average is $93.92. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $80.15 and a 52 week high of $107.31. The company has a market cap of $20.37 billion, a PE ratio of 133.54 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued 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 during the quarter, compared to the consensus estimate of $952.78 million. As a group, sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $32,000. Anchor Investment Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $39,000. IFP Advisors Inc boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 148.5% in the third quarter. IFP Advisors Inc now owns 420 shares of the company’s stock valued at $39,000 after acquiring an additional 251 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the first quarter valued at approximately $51,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $58,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.