Analysts Set Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) PT at $103.00

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $103.00.

Several research firms have commented on FWONA. Zacks Research cut shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, October 8th.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series A

In other news, Director Chase Carey sold 109,121 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $102.54, for a total value of $11,189,267.34. Following the completion of the transaction, the director owned 93,102 shares of the company’s stock, valued at approximately $9,546,679.08. This represents a 53.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of Liberty Media Corporation – Liberty Formula One Series A stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $102.44, for a total transaction of $397,979.40. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 206,978 shares of company stock valued at $21,125,393. 2.97% of the stock is currently owned by corporate insiders.

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

A number of institutional investors have recently made changes to their positions in FWONA. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Formula One Series A during the second quarter worth approximately $96,078,000. Hawk Ridge Capital Management LP acquired a new position in shares of Liberty Media Corporation – Liberty Formula One Series A during the 3rd quarter valued at $14,953,000. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company’s stock worth $94,234,000 after buying an additional 102,586 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 27.8% in the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after buying an additional 79,413 shares during the period. Finally, Cooper Investors PTY Ltd. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 117.4% during the third quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company’s stock valued at $10,758,000 after buying an additional 61,011 shares in the last quarter. 8.38% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Formula One Series A Stock Performance

Shares of FWONA opened at $87.44 on Friday. The firm has a fifty day moving average of $92.34 and a 200-day moving average of $90.90. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 112.10 and a beta of 0.52. Liberty Media Corporation – Liberty Formula One Series A has a 1 year low of $68.00 and a 1 year high of $99.52.

About Liberty Media Corporation – Liberty Formula One Series A

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.