Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Market Outperform Rating at Citizens Jmp

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA)‘s stock had its “market outperform” rating reiterated by Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $120.00 price objective on the stock, up from their prior price objective of $100.00. Citizens Jmp’s target price points to a potential upside of 32.68% from the company’s previous close.

Several other research firms also recently commented on FWONA. Zacks Research raised shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Finally, Citigroup lifted their price target on Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A currently has an average rating of “Buy” and a consensus price target of $110.00.

Liberty Media Corporation – Liberty Formula One Series A Trading Up 3.3%

FWONA opened at $90.44 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 company has a market cap of $22.65 billion, a price-to-earnings ratio of 41.49 and a beta of 0.52. The company’s fifty day moving average price is $82.68 and its two-hundred day moving average price is $81.96.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were 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. The trade was a 42.66% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at $8,518,459.68. The trade was a 51.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.63% of the company’s stock.

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

Hedge funds have recently modified their holdings of the company. 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 worth $27,000 after buying 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% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% during the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after acquiring an additional 371 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% during the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after acquiring an additional 209 shares during the last quarter. Finally, State of Wyoming bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth $66,000. Institutional investors own 8.38% of the company’s stock.

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.