Brokerages Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target at $101.25

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $101.25.

FWONA has been the topic of several research analyst reports. Susquehanna initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, April 28th. They set a “positive” rating and a $115.00 price target on the stock. Wells Fargo & Company initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, February 24th. They set an “underweight” rating and a $83.00 price target on the stock. Sanford C. Bernstein initiated coverage on Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 4th. They set a “market perform” rating and a $105.00 price target on the stock. Seaport Res Ptn raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 15th. Finally, Benchmark reissued a “buy” rating and set a $102.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, June 12th.

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

In related news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director now directly owns 93,102 shares in the company, valued at approximately $8,973,170.76. This represents a 51.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.97% of the company’s stock.

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

Several large investors have recently added to or reduced their stakes in FWONA. Russell Investments Group Ltd. boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock valued at $56,000 after buying an additional 266 shares during the last quarter. Quantbot Technologies LP boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after buying an additional 916 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company’s stock valued at $1,497,000 after buying an additional 7,811 shares during the last quarter. Strs Ohio purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 1st quarter valued at about $2,232,000. Finally, Bank of New York Mellon Corp boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock valued at $4,835,000 after buying an additional 1,300 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $93.25 on Wednesday. The stock’s fifty day moving average is $85.07 and its two-hundred day moving average is $84.28. The stock has a market cap of $23.26 billion, a PE ratio of -233.13 and a beta of 0.49. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $63.01 and a 1-year high of $95.33.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $400.00 million for the quarter, compared to analysts’ expectations of $440.80 million. On average, research analysts expect that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Liberty Media Corporation – Liberty Formula One Series A 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.