Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $109.8889.

Several analysts have recently commented on FWONK shares. UBS Group increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a research note on Wednesday, June 4th. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Tuesday, July 22nd. Finally, Bank of America started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They issued a “neutral” rating and a $110.00 price objective on the stock.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 0.9%

NASDAQ FWONK opened at $95.17 on Tuesday. The stock has a market cap of $21.28 billion, a P/E ratio of 93.30 and a beta of 0.46. The company’s 50-day simple moving average is $101.10 and its 200 day simple moving average is $94.62. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $73.25 and a twelve month high of $106.26.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock valued at $400,694,000 after buying an additional 126,501 shares in the last quarter. TD Asset Management Inc raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 15.8% in the 2nd quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock valued at $115,348,000 after buying an additional 150,295 shares in the last quarter. Rathbones Group PLC raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.5% in the 2nd quarter. Rathbones Group PLC now owns 1,046,021 shares of the company’s stock valued at $109,309,000 after buying an additional 4,717 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 410,337 shares of the company’s stock valued at $42,880,000 after buying an additional 1,057 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock valued at $37,529,000 after buying an additional 4,897 shares in the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

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.