Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $111.2222.

Several equities analysts recently commented on FWONK shares. Bank of America started coverage on Liberty Media Corporation – Liberty Formula One Series C in a report on Monday, August 4th. They issued a “neutral” rating and a $110.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price target on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Tuesday, July 22nd. Sanford C. Bernstein raised Liberty Media Corporation – Liberty Formula One Series C to a “hold” rating in a report on Wednesday, June 4th. Susquehanna raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $121.00 and gave the company a “positive” rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their target price on Liberty Media Corporation – Liberty Formula One Series C from $87.00 to $86.00 and set an “underweight” rating on the stock in a research report on Friday, August 8th.

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

In other news, Director Malcolm Ian Grant Gilchrist sold 868 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $97.11, for a total value of $84,291.48. Following the completion of the sale, the director directly owned 1,781 shares of the company’s stock, valued at $172,952.91. This trade represents a 32.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.31% of the stock is owned by corporate insiders.

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

Several hedge funds have recently modified their holdings of FWONK. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C in the 2nd quarter valued at approximately $208,588,000. Munro Partners acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $111,340,000. Schroder Investment Management Group lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company’s stock valued at $904,653,000 after acquiring an additional 402,705 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2,625.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 220,733 shares of the company’s stock valued at $23,067,000 after acquiring an additional 212,633 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 51.0% during the 2nd quarter. Invesco Ltd. now owns 504,313 shares of the company’s stock valued at $52,701,000 after acquiring an additional 170,435 shares during the period. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $100.75 on Friday. The firm has a market capitalization of $22.53 billion, a PE ratio of 98.78 and a beta of 0.46. The business’s fifty day moving average price is $101.17 and its 200 day moving average price is $95.04. 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 EPS for the quarter, beating the consensus estimate of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current year.

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.