Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $111.22 Average PT from Brokerages

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $111.2222.

A number of brokerages have weighed in on FWONK. Bank of America began coverage on Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price on the stock. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, October 14th. UBS Group upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd.

Insider Activity

In other news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 5,651 shares of company stock valued at $572,250.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $29,000. GW&K Investment Management LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $46,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 0.2%

Shares of NASDAQ FWONK opened at $95.06 on Friday. The firm has a market capitalization of $21.26 billion, a P/E ratio of 93.20 and a beta of 0.47. The stock’s 50-day simple moving average is $101.57 and its two-hundred day simple moving average is $98.59. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.