Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Has Average Price Target of $114.67 According to Analysts

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given an average recommendation of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $114.67.

Several research analysts have weighed in on FWONA shares. Citigroup reiterated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, September 21st. Finally, Guggenheim lifted their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 14th.

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

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 9.5% during the first quarter. The Manufacturers Life Insurance Company now owns 159,804 shares of the company’s stock worth $12,475,000 after buying an additional 13,908 shares during the period. Bank of New York Mellon Corp acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at approximately $4,033,000. S&CO Inc. acquired a new stake in Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at approximately $5,624,000. Gabelli Funds LLC raised its position in Liberty Media Corporation – Liberty Formula One Series A by 13.8% in the 1st quarter. Gabelli Funds LLC now owns 147,700 shares of the company’s stock valued at $11,532,000 after buying an additional 17,950 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 4,106.5% in the 2nd quarter. Engineers Gate Manager LP now owns 174,442 shares of the company’s stock valued at $15,271,000 after acquiring an additional 170,295 shares in the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of NASDAQ:FWONA opened at $85.13 on Friday. The company has a 50 day moving average price of $87.18 and a two-hundred day moving average price of $84.38. The company has a market capitalization of $21.32 billion, a PE ratio of 125.19 and a beta of 0.53. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $98.79.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $954.37 million.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.