Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given Consensus Rating of “Moderate Buy” by Brokerages

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $111.2222.

A number of equities analysts have commented on the stock. Guggenheim upped their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group reaffirmed 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. JPMorgan Chase & Co. lifted their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, October 14th. Finally, UBS Group boosted their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 2.4%

FWONK opened at $94.65 on Friday. The firm has a 50-day simple moving average of $101.82 and a two-hundred day simple moving average of $98.27. The company has a market capitalization of $21.17 billion, a PE ratio of 92.80 and a beta of 0.47. Liberty Media Corporation – Liberty Formula One Series C has a 52 week low of $75.26 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 5,651 shares of company stock worth $572,250 over the last quarter. 4.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors and hedge funds have recently made changes to their positions in FWONK. GW&K Investment Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at approximately $25,000. HighPoint Advisor Group LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company’s stock valued at $382,000 after purchasing an additional 779 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 22.7% in the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company’s stock valued at $11,570,000 after purchasing an additional 23,809 shares during the last quarter. Allstate Corp boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 33.8% in the 1st quarter. Allstate Corp now owns 8,253 shares of the company’s stock valued at $743,000 after buying an additional 2,087 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 1st quarter valued at $2,370,000. 92.26% of the stock is owned by hedge funds and other institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

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.