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

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $112.20.

Several research firms have recently issued reports on FWONK. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Wells Fargo & Company upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th.

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

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 109,121 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total transaction of $11,189,267.34. Following the completion of the sale, the director directly owned 93,102 shares in the company, valued at $9,546,679.08. This represents a 53.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 368,363 shares of company stock valued at $36,650,423.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FWONK. Advisory Services Network LLC acquired a new position in 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 second quarter worth about $38,000. Osterweis Capital Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $39,000. Root Financial Partners LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at approximately $46,000. 92.26% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ:FWONK opened at $85.50 on Tuesday. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $75.26 and a 12-month high of $109.36. The company’s 50 day moving average price is $93.13 and its two-hundred day moving average price is $98.03. The firm has a market cap of $21.38 billion, a PE ratio of 109.62 and a beta of 0.48.

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

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.