Analysts Set Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target at $112.33

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $112.3333.

Several equities research analysts recently commented on FWONK shares. Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Zacks Research lowered Liberty Media Corporation – Liberty Formula One Series C from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday. Finally, Wells Fargo & Company increased their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, November 6th.

Liberty Media Corporation – Liberty Formula One Series C Stock Performance

Shares of FWONK stock opened at $96.89 on Monday. Liberty Media Corporation – Liberty Formula One Series C has a fifty-two week low of $75.26 and a fifty-two week high of $109.36. The company has a 50 day moving average price of $97.36 and a 200 day moving average price of $100.02. The stock has a market capitalization of $24.23 billion, a P/E ratio of 124.22 and a beta of 0.48.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last released its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. On average, research analysts forecast that Liberty Media Corporation – Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 11,200 shares of Liberty Media Corporation – Liberty Formula One Series C stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $91.89, for a total transaction of $1,029,168.00. Following the completion of the sale, the insider owned 21,037 shares in the company, valued at approximately $1,933,089.93. This trade represents a 34.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Chase Carey sold 81,006 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $102.89, for a total value of $8,334,707.34. Following the transaction, the director directly owned 93,102 shares in the company, valued at approximately $9,579,264.78. This represents a 46.53% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 201,327 shares of company stock worth $20,553,143. 4.31% of the stock is owned by insiders.

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

Several large investors have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at approximately $29,000. Advisory Services Network LLC acquired a new stake in Liberty Media Corporation – Liberty Formula One Series C in the third quarter valued at $34,000. Headlands Technologies LLC bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $38,000. Osterweis Capital Management Inc. bought a new position in Liberty Media Corporation – Liberty Formula One Series C during the 2nd quarter valued at $39,000. Finally, Root Financial Partners LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series C in the third quarter worth about $41,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

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.