Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives $103.40 Consensus PT from Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $103.00.

FWONA has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Friday, March 27th. Citigroup increased their target price on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citizens Jmp assumed coverage on Liberty Media Corporation – Liberty Formula One Series A in a report on Monday, March 30th. They issued a “market outperform” rating and a $100.00 target price on the stock. Finally, Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, May 12th.

Insider Buying and Selling at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.63% of the stock is owned by corporate insiders.

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

Several institutional investors have recently made changes to their positions in FWONA. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 4th quarter worth $90,433,000. Principal Financial Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 34.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock worth $118,630,000 after buying an additional 337,607 shares in the last quarter. KKM Financial LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 4th quarter worth approximately $18,547,000. Hawk Ridge Capital Management LP bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 3rd quarter worth approximately $14,953,000. Finally, Renaissance Technologies LLC lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 23.7% during the 1st quarter. Renaissance Technologies LLC now owns 347,122 shares of the company’s stock worth $27,103,000 after buying an additional 66,600 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of Liberty Media Corporation – Liberty Formula One Series A stock opened at $81.18 on Wednesday. Liberty Media Corporation – Liberty Formula One Series A has a one year low of $73.70 and a one year high of $99.52. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 37.24 and a beta of 0.52. The business has a 50-day simple moving average of $81.73 and a 200 day simple moving average of $82.16.

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.