Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given New $122.00 Price Target at JPMorgan Chase & Co.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its target price hoisted by JPMorgan Chase & Co. from $120.00 to $122.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

FWONK has been the subject of a number of other research reports. Bank of America assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a research note on Monday, August 4th. They issued a “neutral” rating and a $110.00 price objective for the company. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. UBS Group boosted their target price on 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, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.33.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 1.5%

Shares of NASDAQ FWONK opened at $93.37 on Tuesday. The stock’s 50-day moving average is $99.91 and its 200 day moving average is $100.29. The stock has a market cap of $23.35 billion, a price-to-earnings ratio of 119.71 and a beta of 0.48. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $75.26 and a 1-year high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.18). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

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

In related news, insider Renee L. Wilm sold 11,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total value of $1,029,168.00. Following the sale, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This trade represents a 34.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business’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 transaction, the director owned 1,781 shares in the company, valued at approximately $178,456.20. This represents a 33.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 202,225 shares of company stock worth $20,643,122.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth about $34,000. Headlands Technologies LLC bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $38,000. Osterweis Capital Management Inc. purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $39,000. Finally, Root Financial Partners LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $41,000. Institutional investors own 92.26% of the company’s stock.

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.