Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Price Target at $110.00

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $110.00.

Several analysts have recently weighed in on the stock. Citizens Jmp restated a “market outperform” rating and set a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Thursday, July 2nd. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th.

Insider Activity

In other news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares in the company, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 150 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% during 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. TD Private Client Wealth LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after purchasing an additional 209 shares during the period. Finally, State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter worth $66,000. 8.38% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $89.07 on Thursday. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $73.70 and a 1 year high of $99.52. The firm has a market cap of $22.31 billion, a PE ratio of 40.86 and a beta of 0.50. The company has a 50 day simple moving average of $85.62 and a two-hundred day simple moving average of $82.29.

About Liberty Media Corporation – Liberty Formula One Series A

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.