Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Has Consensus Target Price of $115.50

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $117.62.

A number of research firms have recently issued reports on FWONK. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “strong sell” rating to a “sell” rating in a research note on Saturday. Guggenheim boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 17th. 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. Jefferies Financial Group assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday, September 9th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $96.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Friday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FWONK. Resona Asset Management Co. Ltd. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after buying an additional 17,405 shares in the last quarter. Braun Stacey Associates Inc. boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.5% during the 2nd quarter. Braun Stacey Associates Inc. now owns 313,855 shares of the company’s stock worth $29,860,000 after acquiring an additional 37,375 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock worth $505,297,000 after acquiring an additional 645,996 shares in the last quarter. Junto Capital Management LP boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 178.1% in the second quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after buying an additional 1,093,372 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the first quarter valued at about $5,370,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series C stock opened at $106.33 on Thursday. The business has a fifty day simple moving average of $94.54 and a two-hundred day simple moving average of $92.18. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $108.35. The company has a market capitalization of $23.85 billion, a price-to-earnings ratio of 122.22 and a beta of 0.46.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.01 earnings per share for the current fiscal year.

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

Here are the key news stories impacting Liberty Media Corporation – Liberty Formula One Series C this week:

• Positive Sentiment: Wells Fargo raised its price target to $113 from $96, indicating about 6.3% potential upside from the cited $106.33 price. The firm maintained an “equal weight” rating, so the higher target is a modestly supportive signal rather than a bullish upgrade. Wells Fargo ratings
• Neutral Sentiment: Liberty Media’s third-quarter revenue rose, and EPS increased to $0.43 from $0.24 a year earlier. The report also said John Malone’s voting power declined to 3%; the articles provided no further details on the implications. Liberty Media Q3 revenue and voting power
• Negative Sentiment: Quarterly EPS of $0.43 missed analyst estimates of $0.56–$0.59, and revenue of $1.23 billion was below the $1.24 billion consensus. The earnings and revenue shortfalls may weigh on investor sentiment despite year-over-year EPS growth. Q3 earnings and revenue results

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C stock (NASDAQ: FWONK) is a tracking stock associated with the company’s Formula One Group. The group’s principal business is Formula 1, the international motorsport series, which organizes and promotes races and manages the championship’s commercial rights, including media, sponsorship, licensing and race-promotion activities.

Formula 1 has held world championship races since 1950 and serves a global audience, with events staged across multiple continents.