Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $118.00 Average Price Target from Analysts

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $118.00.

A number of brokerages have recently issued reports on FWONK. Bank of America upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. UBS Group raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Guggenheim increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, August 17th.

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

In other 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 $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.31% of the stock is owned by corporate insiders.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT increased its position in Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at approximately $34,000. Allied Private Wealth LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $32,000. Headlands Technologies LLC bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $38,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter worth approximately $39,000. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

Liberty Media Corporation – Liberty Formula One Series C stock opened at $103.34 on Friday. The firm has a 50-day moving average of $98.68 and a 200-day moving average of $91.60. Liberty Media Corporation – Liberty Formula One Series C has a one year low of $80.15 and a one year high of $109.36. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 151.97 and a beta of 0.43.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $952.78 million. As a group, sell-side analysts expect that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current year.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.