Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) PT at $104.50

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $104.50.

FWONA has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Citigroup cut their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, March 27th. Finally, Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 price objective on the stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $82.81 on Tuesday. The company has a 50-day simple moving average of $79.35 and a 200-day simple moving average of $84.51. The firm has a market capitalization of $20.74 billion, a P/E ratio of 37.64 and a beta of 0.59. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52.

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

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 34.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock valued at $118,630,000 after acquiring an additional 337,607 shares in the last quarter. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 4th quarter valued at $90,433,000. Janus Henderson Group PLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 995,541 shares of the company’s stock valued at $88,981,000 after acquiring an additional 20,683 shares in the last quarter. Sculptor Capital LP raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.7% during the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company’s stock valued at $71,220,000 after acquiring an additional 12,786 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 748,343 shares of the company’s stock valued at $71,063,000 after acquiring an additional 7,113 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.