Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Upgraded at Sanford C. Bernstein

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) was upgraded by research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat Ratings reports. The firm presently has a $111.00 price objective on the stock, up from their prior price objective of $110.00. Sanford C. Bernstein’s price objective points to a potential upside of 22.95% from the company’s current price.

A number of other analysts have also issued reports on the company. Wells Fargo & Company boosted 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. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target 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 research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.20.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.2%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $90.28 on Monday. The firm has a 50 day moving average price of $96.36 and a 200-day moving average price of $99.64. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36. The company has a market capitalization of $22.57 billion, a P/E ratio of 115.75 and a beta of 0.47.

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

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

In other news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the sale, the insider owned 21,037 shares of the company’s stock, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 368,363 shares of company stock worth $36,650,423. 4.31% of the stock is currently owned by company insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4,851.6% during the 4th quarter. SG Americas Securities LLC now owns 48,526 shares of the company’s stock worth $4,780,000 after acquiring an additional 47,546 shares during the period. Diversified Trust Co. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at approximately $2,469,000. Impact Capital Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the fourth quarter valued at approximately $201,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 14.9% during the 4th quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $286,000 after buying an additional 376 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,780 shares of the company’s stock valued at $37,375,000 after buying an additional 89,673 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other 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.