Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other analysts have also recently commented on FWONA. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, December 29th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Benchmark reissued a “buy” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Formula One Series A presently has an average rating of “Buy” and an average price target of $108.00.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 0.1%

FWONA stock traded up $0.10 on Wednesday, reaching $77.66. 42,013 shares of the company’s stock were exchanged, compared to its average volume of 152,170. The stock has a fifty day moving average of $82.04 and a 200-day moving average of $87.51. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $68.00 and a twelve month high of $99.52. The firm has a market cap of $19.42 billion, a PE ratio of 35.30 and a beta of 0.50.

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

In other Liberty Media Corporation – Liberty Formula One Series A news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1,304.3% during the third quarter. TD Private Client Wealth LLC now owns 323 shares of the company’s stock valued at $31,000 after acquiring an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 55.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the last quarter. Assetmark Inc. increased its position in Liberty Media Corporation – Liberty Formula One Series A by 196.2% during the 2nd quarter. Assetmark Inc. now owns 391 shares of the company’s stock worth $37,000 after purchasing an additional 259 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the 4th quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after purchasing an additional 371 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ: FWONA) is a tracking stock that represents Liberty Media’s economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media’s other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.