Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) from a hold rating to a buy rating in a report published on Sunday morning.

Several other research firms also recently weighed in on FWONK. Bank of America started coverage on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They set a “neutral” rating and a $110.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their target price on Liberty Media Corporation – Liberty Formula One Series C from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sanford C. Bernstein upgraded Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a report on Wednesday, June 4th. Finally, Susquehanna raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series C currently has a consensus rating of “Moderate Buy” and an average target price of $111.22.

Liberty Media Corporation – Liberty Formula One Series C Trading Up 0.3%

FWONK stock opened at $103.06 on Friday. The firm has a 50 day moving average of $100.84 and a 200-day moving average of $95.64. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 101.04 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 12-month low of $74.34 and a 12-month high of $106.26.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last posted its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

Insider Activity at Liberty Media Corporation – Liberty Formula One Series C

In other news, Director Malcolm Ian Grant Gilchrist sold 898 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director owned 1,781 shares in the company, valued at $178,456.20. This trade represents a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 5,651 shares of company stock worth $572,250.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors have recently made changes to their positions in FWONK. GW&K Investment Management LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 1st quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at approximately $38,000. Osterweis Capital Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Liberty Media Corporation – Liberty Formula One Series C in the second quarter worth about $46,000. 92.26% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.