Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Picked Up by Analysts at Zacks Research

Investment analysts at Zacks Research assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) in a research report issued to clients and investors on Monday, Zacks reports. The firm set a “hold” rating on the stock.

Several other brokerages have also recently commented on FWONA. Guggenheim boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, September 21st. TD Cowen lifted their target price on Liberty Media Corporation – Liberty Formula One Series A from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Formula One Series A has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.0%

Shares of FWONA stock opened at $103.87 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $104.02. The company’s fifty day simple moving average is $87.32 and its 200-day simple moving average is $84.87. The firm has a market cap of $26.02 billion, a PE ratio of 119.39 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.13). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities analysts predict that Liberty Media Corporation – Liberty Formula One Series A will post 2.11 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company’s stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. CX Institutional acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 3rd quarter worth about $59,000. State of Wyoming increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.1% during the 1st quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $114,000 after purchasing an additional 587 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company’s stock valued at $118,000 after purchasing an additional 272 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 58.2% in the 2nd quarter. Allworth Financial LP now owns 1,675 shares of the company’s stock valued at $147,000 after purchasing an additional 616 shares during the period. 8.38% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation’s Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.