Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target at $103.00

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $103.00.

Several equities analysts have recently commented on the company. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Saturday. Finally, Guggenheim raised their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 5,651 shares of company stock worth $572,250 in the last 90 days. Company insiders own 2.97% of the company’s stock.

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

Several institutional investors have recently made changes to their positions in FWONA. Nisa Investment Advisors LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 1.4% during the third quarter. Nisa Investment Advisors LLC now owns 9,023 shares of the company’s stock valued at $859,000 after purchasing an additional 123 shares in the last quarter. SG Americas Securities LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the third quarter valued at about $627,000. Moran Wealth Management LLC bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the third quarter valued at about $301,000. GAM Holding AG bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the third quarter valued at about $1,608,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 6.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 39,341 shares of the company’s stock valued at $3,686,000 after purchasing an additional 2,231 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 2.5%

FWONA stock opened at $87.50 on Tuesday. The business’s fifty day simple moving average is $92.42 and its two-hundred day simple moving average is $89.06. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $68.00 and a twelve month high of $99.52. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 85.79 and a beta of 0.53.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $1.00. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Research analysts expect that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current year.

About Liberty Media Corporation – Liberty Formula One Series A

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.