Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target Raised to $113.00

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) had its price target upped by TD Cowen from $107.00 to $113.00 in a research note issued to investors on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on FWONA. Guggenheim increased 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 research note on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 1.4%

FWONA stock opened at $104.52 on Tuesday. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $106.52. The company has a market cap of $26.18 billion, a P/E ratio of 121.82 and a beta of 0.52. The business has a fifty day moving average of $87.93 and a 200-day moving average of $85.11.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.13). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Chase Carey sold 137,331 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $110.14, for a total value of $15,125,636.34. Following the sale, the director owned 94,356 shares of the company’s stock, valued at $10,392,369.84. The trade was a 59.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 424,331 shares of company stock valued at $46,225,306 in the last 90 days. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after buying an additional 13,908 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at about $4,033,000. S&CO Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the second quarter valued at about $5,624,000. Gabelli Funds LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 13.8% in the first quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock valued at $11,532,000 after acquiring an additional 17,950 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% in the second quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock valued at $15,271,000 after acquiring an additional 170,295 shares during the last quarter. Institutional investors own 8.38% of the company’s stock.

Trending Headlines about Liberty Media Corporation – Liberty Formula One Series A

These are some of the FWONA headlines that stood out recently:

• Positive Sentiment: TD Cowen raised its price target for FWONA, a potentially supportive analyst signal. The article does not specify the new target. TD Cowen price target article
• Neutral Sentiment: Zacks Research initiated coverage with a “hold” rating, indicating a neutral view on the shares. Zacks Research ratings
• Negative Sentiment: Director Chase Carey sold a reported 424,331 shares across transactions dated November 10–12, for approximately $46.2 million, leaving him with 94,356 shares. The scale of the insider selling could pressure investor sentiment, though such sales do not necessarily signal a view on the company’s prospects. SEC filing for Carey’s stock sales

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.