Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $112.11 Average Target Price from Brokerages

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $112.1111.

FWONK has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Wells Fargo & Company increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In related news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $100.20, for a total value of $89,979.60. Following the transaction, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Chase Carey sold 81,006 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the completion of the sale, the director directly owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. The trade was a 46.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 202,225 shares of company stock valued at $20,643,122. Insiders own 4.31% of the company’s stock.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FWONK. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $29,000. GW&K Investment Management LLC purchased a new stake in Liberty Media Corporation – Liberty Formula One Series C during the first quarter valued at $25,000. Advisory Services Network LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter valued at $34,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at $38,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth about $39,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 1.6%

Shares of NASDAQ FWONK opened at $95.64 on Thursday. The business has a 50-day moving average of $100.58 and a 200-day moving average of $100.29. The firm has a market capitalization of $23.92 billion, a price-to-earnings ratio of 122.62 and a beta of 0.46. 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 released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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.