Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Rating of “Buy” by Analysts

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $103.40.

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, March 27th. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Citigroup boosted their target price on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Citizens Jmp assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, March 30th. They set a “market outperform” rating and a $100.00 target price for the company.

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

In other news, Director Chase Carey sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% 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. 0.63% of the stock is owned by corporate insiders.

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

Several large investors have recently bought and sold shares of FWONA. TD Waterhouse Canada Inc. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Global Retirement Partners LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after acquiring an additional 371 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after acquiring an additional 209 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 1.8%

FWONA stock opened at $82.63 on Wednesday. The stock has a market capitalization of $20.70 billion, a P/E ratio of 37.90 and a beta of 0.52. The firm has a 50-day simple moving average of $81.13 and a 200-day simple moving average of $82.55. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $99.52.

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.