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

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $109.8889.

FWONK has been the subject of a number of research analyst reports. Rosenblatt Securities upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, UBS Group upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $98.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company’s stock worth $400,694,000 after acquiring an additional 126,501 shares during the last quarter. TD Asset Management Inc grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 15.8% during the 2nd quarter. TD Asset Management Inc now owns 1,103,812 shares of the company’s stock worth $115,348,000 after acquiring an additional 150,295 shares during the last quarter. Rathbones Group PLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.5% during the 2nd quarter. Rathbones Group PLC now owns 1,046,021 shares of the company’s stock worth $109,309,000 after acquiring an additional 4,717 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 0.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 410,337 shares of the company’s stock worth $42,880,000 after acquiring an additional 1,057 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Liberty Media Corporation – Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company’s stock worth $37,529,000 after acquiring an additional 4,897 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.9%

Shares of NASDAQ:FWONK opened at $95.17 on Tuesday. The firm has a 50 day moving average of $101.10 and a 200-day moving average of $94.62. The stock has a market capitalization of $21.28 billion, a PE ratio of 93.30 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 12 month low of $73.25 and a 12 month high of $106.26.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued 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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts predict that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

About Liberty Media Corporation – Liberty Formula One Series C

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.