Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Given Consensus Rating of “Buy” by Brokerages

Shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $114.6667.

FWONA has been the subject of several recent analyst reports. Guggenheim reissued a “buy” rating and set a $124.00 target price on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Wednesday, July 22nd. Citizens Jmp reiterated a “market outperform” rating and set a $120.00 price target (up from $100.00) on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Thursday, July 2nd. Zacks Research raised 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a report on Wednesday, June 24th.

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

In other news, Director Chase Carey sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the transaction, the director directly owned 94,356 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares of the company’s stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.63% of the stock is owned by company insiders.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FWONA. TD Waterhouse Canada Inc. raised its position 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 valued at $27,000 after purchasing an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $34,000 after buying an additional 125 shares during the period. Global Retirement Partners LLC grew its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 311.8% in the fourth quarter. Global Retirement Partners LLC now owns 490 shares of the company’s stock valued at $44,000 after buying an additional 371 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 64.7% in the 4th quarter. TD Private Client Wealth LLC now owns 532 shares of the company’s stock valued at $48,000 after buying an additional 209 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A in the 2nd quarter valued at $66,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series A Price Performance

NASDAQ:FWONA opened at $95.31 on Monday. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 140.16 and a beta of 0.49. The company’s 50-day moving average is $88.54 and its two-hundred day moving average is $83.21. Liberty Media Corporation – Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $954.37 million.

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.