Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $103.00.

A number of equities research analysts have weighed in on FWONA shares. Sanford C. Bernstein started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 4th. They issued a “market perform” rating and a $105.00 price target for the company. Benchmark reissued a “buy” rating and issued a $102.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, June 12th. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Guggenheim upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd.

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

FWONA stock opened at $94.27 on Friday. The company has a market capitalization of $23.51 billion, a P/E ratio of 92.42 and a beta of 0.52. The company has a 50-day simple moving average of $90.84 and a 200 day simple moving average of $86.75. Liberty Media Corporation – Liberty Formula One Series A has a fifty-two week low of $68.00 and a fifty-two week high of $96.40.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 EPS for the current year.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.20, for a total value of $89,979.60. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at approximately $178,456.20. This represents a 33.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 5,651 shares of company stock valued at $572,250. 2.97% of the stock is currently owned by corporate insiders.

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

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 74.0% during the first 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 in the last quarter. Cooper Investors PTY Ltd. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 14.0% during the second quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company’s stock valued at $4,935,000 after buying an additional 6,389 shares in the last quarter. Longboard Asset Management LP purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter valued at about $272,000. Strs Ohio purchased a new stake in Liberty Media Corporation – Liberty Formula One Series A during the first quarter valued at about $2,232,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock worth $4,835,000 after purchasing an additional 1,300 shares in the last quarter. 8.38% of the stock is owned by hedge funds and other institutional investors.

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.