Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Average Recommendation of “Moderate Buy” by Brokerages

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $103.00.

Several research firms have recently weighed in on FWONA. Benchmark restated a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th.

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

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.97% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FWONA. TD Waterhouse Canada Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% in the third quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 55.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Assetmark Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the 2nd quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after acquiring an additional 259 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares during the last quarter. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

FWONA stock opened at $81.99 on Monday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 105.12 and a beta of 0.55. The firm has a 50-day simple moving average of $83.33 and a two-hundred day simple moving average of $87.92.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.