Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Receives $103.33 Average Price Target from Brokerages

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $110.00.

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Formula One Series A from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, June 24th. Citizens Jmp reissued a “market outperform” rating and issued a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Thursday. Finally, Citigroup raised their price objective on shares of Liberty Media Corporation – Liberty Formula One Series A from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insider Buying and Selling

In other news, Director Chase Carey sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 11,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider owned 15,590 shares of the company’s stock, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series A

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,614 shares of the company’s stock worth $937,000 after acquiring an additional 120 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in 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 worth $34,000 after acquiring an additional 125 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Liberty Media Corporation – Liberty Formula One Series A by 3.9% during the first quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock worth $269,000 after acquiring an additional 128 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the fourth quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock worth $48,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

Shares of FWONA stock opened at $90.89 on Friday. The stock has a fifty day moving average of $83.07 and a 200 day moving average of $82.06. Liberty Media Corporation – Liberty Formula One Series A has a 52 week low of $73.70 and a 52 week high of $99.52. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 41.69 and a beta of 0.50.

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.