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

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $114.00.

Several research analysts recently weighed in on FWONK shares. 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. UBS Group reduced 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 for the company in a report on Wednesday, April 15th. Guggenheim boosted their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their target price on Liberty Media Corporation – Liberty Formula One Series C from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Formula One Series C from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.

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

In other news, insider Renee L. Wilm sold 11,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the sale, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chase Carey sold 100,000 shares of the business’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 transaction, the director directly owned 94,356 shares in the company, valued at $8,518,459.68. This trade represents a 51.45% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 21,133,295 shares of the company’s stock worth $2,081,841,000 after purchasing an additional 715,525 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,695,840 shares of the company’s stock worth $1,250,671,000 after buying an additional 129,822 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.9% in the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after acquiring an additional 302,191 shares in the last quarter. Silver Point Capital L.P. purchased a new position in Liberty Media Corporation – Liberty Formula One Series C in the fourth quarter valued at $302,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 26.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,665,090 shares of the company’s stock worth $396,626,000 after acquiring an additional 981,047 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.4%

FWONK stock opened at $97.74 on Tuesday. The stock has a market cap of $21.90 billion, a PE ratio of 44.84 and a beta of 0.43. The company has a 50-day moving average price of $94.15 and a 200 day moving average price of $89.88. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $109.36.

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

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.