Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other analysts have also commented on FWONK. Susquehanna lifted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research note on Wednesday, June 25th. Guggenheim raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Saturday, September 27th. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Finally, UBS Group lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

FWONK stock opened at $104.83 on Friday. The stock has a market capitalization of $23.44 billion, a P/E ratio of 102.78 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $74.34 and a 1-year high of $106.51. The business has a fifty day moving average price of $101.03 and a 200-day moving average price of $96.72.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 5,651 shares of company stock worth $572,250.

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

A number of institutional investors have recently bought and sold shares of FWONK. GW&K Investment Management LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $29,000. Headlands Technologies LLC purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth approximately $46,000. 92.26% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.