Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives $108.00 Average PT from Analysts

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been given a consensus rating of “Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $105.40.

A number of brokerages recently commented on FWONA. Zacks Research raised Liberty Media Corporation – Liberty Formula One Series A from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. 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 note on Monday, January 12th. Citigroup reduced their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Monday, December 29th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 4.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,708 shares of the company’s stock valued at $352,000 after acquiring an additional 160 shares during the last quarter. Creative Planning boosted its holdings in Liberty Media Corporation – Liberty Formula One Series A by 73.9% in the second quarter. Creative Planning now owns 32,408 shares of the company’s stock worth $3,077,000 after purchasing an additional 13,768 shares during the period. Frank Rimerman Advisors LLC acquired a new position in Liberty Media Corporation – Liberty Formula One Series A in the second quarter worth $345,000. Highbridge Capital Management LLC increased its stake in Liberty Media Corporation – Liberty Formula One Series A by 27.8% during the second quarter. Highbridge Capital Management LLC now owns 365,000 shares of the company’s stock valued at $34,660,000 after purchasing an additional 79,413 shares during the last quarter. Finally, MAI Capital Management raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 76.2% during the second quarter. MAI Capital Management now owns 821 shares of the company’s stock worth $78,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Liberty Media Corporation – Liberty Formula One Series A stock opened at $76.40 on Friday. Liberty Media Corporation – Liberty Formula One Series A has a 12-month low of $68.00 and a 12-month high of $99.52. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 34.73 and a beta of 0.50. The firm’s fifty day moving average price is $79.22 and its 200 day moving average price is $86.08.

Liberty Media Corporation – Liberty Formula One Series A Company Profile

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.