Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned 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 $103.00.

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th. Finally, Guggenheim upped their target price on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd.

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

In other news, Director Chase Carey sold 81,006 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the completion of the sale, the director owned 93,102 shares of the company’s stock, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 11,200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the transaction, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. The trade was a 34.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 206,978 shares of company stock worth $21,125,393 in the last 90 days. Corporate insiders own 2.97% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FWONA. Bank of New York Mellon Corp increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock worth $4,835,000 after acquiring an additional 1,300 shares during the period. S&CO Inc. raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the first quarter. S&CO Inc. now owns 67,554 shares of the company’s stock valued at $5,503,000 after purchasing an additional 660 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 28.9% during the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company’s stock worth $69,000 after purchasing an additional 191 shares during the period. Quantbot Technologies LP lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 61.6% during the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock worth $196,000 after purchasing an additional 916 shares during the period. Finally, Gabelli Funds LLC grew its stake in Liberty Media Corporation – Liberty Formula One Series A by 2.3% during the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company’s stock worth $9,381,000 after buying an additional 2,625 shares in the last quarter. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Stock Down 1.7%

NASDAQ:FWONA opened at $90.12 on Friday. The company has a market cap of $22.48 billion, a P/E ratio of 115.54 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $68.00 and a twelve month high of $99.52. The business has a 50 day moving average price of $92.50 and a two-hundred day moving average price of $90.70.

About Liberty Media Corporation – Liberty Formula One Series A

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.