Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $112.20 Consensus Price Target from Analysts

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $112.20.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.2%

Shares of FWONK opened at $87.16 on Tuesday. The stock’s 50-day moving average price is $92.62 and its 200 day moving average price is $97.75. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 111.75 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.18). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities research analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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

In related news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 357,163 shares of company stock valued at $35,621,255 in the last three months. Company insiders own 4.31% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at about $227,000. KLP Kapitalforvaltning AS grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 5.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 71,900 shares of the company’s stock worth $7,514,000 after acquiring an additional 3,700 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 10,195 shares of the company’s stock valued at $1,065,000 after acquiring an additional 393 shares during the last quarter. US Bancorp DE lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.9% in the 2nd quarter. US Bancorp DE now owns 5,866 shares of the company’s stock valued at $613,000 after purchasing an additional 110 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.0% in the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after purchasing an additional 118 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.