Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given Consensus Rating of “Moderate Buy” by Analysts

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $114.00.

FWONK has been the topic of several analyst reports. Sanford C. Bernstein boosted 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 report on Tuesday, July 28th. Guggenheim increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group dropped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Liberty Media Corporation – Liberty Formula One Series C from $111.00 to $124.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.9%

Shares of NASDAQ:FWONK opened at $98.13 on Tuesday. The stock has a market cap of $21.99 billion, a PE ratio of 45.01 and a beta of 0.44. The stock’s fifty day simple moving average is $93.97 and its two-hundred day simple moving average is $89.83. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $683.42 million. On average, sell-side analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the sale, the insider directly owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.31% of the company’s stock.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of hedge funds and other institutional investors have recently made changes to their positions in FWONK. Principal Securities Inc. increased its holdings in Liberty Media Corporation – Liberty Formula One Series C by 2.6% during the fourth quarter. Principal Securities Inc. now owns 4,726 shares of the company’s stock worth $466,000 after buying an additional 118 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 26.6% in the fourth quarter. Farther Finance Advisors LLC now owns 571 shares of the company’s stock valued at $56,000 after acquiring an additional 120 shares during the last quarter. Blair William & Co. IL boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 2.7% in the fourth quarter. Blair William & Co. IL now owns 5,175 shares of the company’s stock valued at $510,000 after acquiring an additional 135 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.4% during the 4th quarter. Clearstead Advisors LLC now owns 10,312 shares of the company’s stock valued at $1,016,000 after acquiring an additional 141 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,832 shares of the company’s stock valued at $3,234,000 after acquiring an additional 149 shares during the period. 92.26% of the stock is 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.