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

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $110.00.

Several equities research analysts have commented on the company. Zacks Research upgraded Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday, July 2nd. Finally, Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.6%

FWONA opened at $93.50 on Thursday. The company has a market cap of $23.42 billion, a PE ratio of 42.89 and a beta of 0.50. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The company has a 50-day moving average price of $86.19 and a 200 day moving average price of $82.37.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, insider Renee L. Wilm sold 11,597 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction on 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 sale, the insider owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction on 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.63% of the company’s stock.

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

Several large investors have recently bought and sold shares of the business. M&T Bank Corp boosted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 848.4% during the 4th quarter. M&T Bank Corp now owns 32,880 shares of the company’s stock worth $2,939,000 after purchasing an additional 29,413 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 34.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,327,209 shares of the company’s stock valued at $118,630,000 after purchasing an additional 337,607 shares during the last quarter. Deltroit Asset Management UK LLP acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the fourth quarter valued at approximately $4,609,000. Gabelli Funds LLC lifted its position in Liberty Media Corporation – Liberty Formula One Series A by 13.8% during the first quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock worth $11,532,000 after buying an additional 17,950 shares in the last quarter. Finally, Norges Bank purchased a new position in Liberty Media Corporation – Liberty Formula One Series A during the fourth quarter worth approximately $90,433,000. Hedge funds and other 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.