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

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $101.25.

A number of research firms recently weighed in on FWONA. Sanford C. Bernstein assumed coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 4th. They issued a “market perform” rating and a $105.00 price objective on the stock. Susquehanna started coverage on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, April 28th. They issued a “positive” rating and a $115.00 target price for the company. Finally, Benchmark reiterated a “buy” rating and set a $102.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, June 12th.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director owned 93,102 shares of the company’s stock, valued at approximately $8,973,170.76. This trade represents a 51.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.97% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company’s stock valued at $56,000 after acquiring an additional 266 shares during the period. Janney Montgomery Scott LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company’s stock valued at $1,497,000 after purchasing an additional 7,811 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Liberty Media Corporation – Liberty Formula One Series A by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company’s stock worth $4,835,000 after purchasing an additional 1,300 shares during the last quarter. S&CO Inc. boosted its position in Liberty Media Corporation – Liberty Formula One Series A by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company’s stock worth $5,503,000 after purchasing an additional 660 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 61.6% in the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company’s stock valued at $196,000 after purchasing an additional 916 shares during the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.7%

Shares of FWONA stock opened at $93.10 on Friday. The stock has a market capitalization of $23.22 billion, a PE ratio of -232.75 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series A has a 52-week low of $66.26 and a 52-week high of $96.40. The stock’s 50-day moving average price is $90.42 and its 200 day moving average price is $85.36.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $440.80 million. Analysts expect that Liberty Media Corporation – Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series A

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.