Liberty Media Corporation – Liberty Formula One Series C (FWONK) Projected to Post Earnings on Thursday

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) is anticipated to post its results before the market opens on Thursday, February 26th. Analysts expect Liberty Media Corporation – Liberty Formula One Series C to post earnings of $0.47 per share and revenue of $1.5491 billion for the quarter.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

FWONK opened at $89.43 on Thursday. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 114.66 and a beta of 0.48. The firm’s fifty day moving average is $91.32 and its 200 day moving average is $96.69. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36.

Insider Activity

In other Liberty Media Corporation – Liberty Formula One Series C news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.31% of the stock is owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT grew its position in Liberty Media Corporation – Liberty Formula One Series C by 172.5% in the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock valued at $29,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 3rd quarter worth $34,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the second quarter valued at about $38,000. Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $39,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Liberty Media Corporation – Liberty Formula One Series C by 70.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 425 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FWONK shares. Wells Fargo & Company increased their target price on 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. upped their price target on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, December 29th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series C from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $110.00 to $111.00 in a report on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.20.

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.