Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Now Covered by Analysts at Zacks Research

Key Points

• Zacks Research initiated coverage of Liberty Media’s Formula One Series A shares with a “hold” rating. Across analysts, the stock has a “Moderate Buy” consensus and an average price target of $114.25.
• The company’s latest quarter came in below expectations: earnings were $0.43 per share versus a $0.56 estimate, while revenue was $1.23 billion versus a $1.24 billion estimate.
• FWONA opened at $103.87, near its 52-week high of $104.02; the company’s market capitalization was reported at $26.02 billion.

Analysts at Zacks Research started coverage on shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) in a report released on Monday, Zacks reports. The brokerage set a "hold" rating on the stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, September 21st. Guggenheim lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series A from $116.00 to $124.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Citigroup reiterated a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, July 22nd. Finally, TD Cowen increased their price target on Liberty Media Corporation - Liberty Formula One Series A from $107.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.25.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

FWONA opened at $103.87 on Monday. Liberty Media Corporation - Liberty Formula One Series A has a fifty-two week low of $73.70 and a fifty-two week high of $104.02. The company has a market capitalization of $26.02 billion, a P/E ratio of 119.39 and a beta of 0.52. The stock has a fifty day moving average of $87.32 and a 200-day moving average of $84.87.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.13). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities research analysts predict that Liberty Media Corporation - Liberty Formula One Series A will post 2.11 earnings per share for the current fiscal year.

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

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series A by 235.5% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the company's stock valued at $35,000 after acquiring an additional 292 shares during the last quarter. CX Institutional bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the third quarter worth $59,000. State of Wyoming boosted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.1% in the 1st quarter. State of Wyoming now owns 1,462 shares of the company's stock valued at $114,000 after purchasing an additional 587 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the company's stock valued at $118,000 after purchasing an additional 272 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 58.2% in the 2nd quarter. Allworth Financial LP now owns 1,675 shares of the company's stock valued at $147,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Company Profile

Liberty Media Corporation's Liberty Formula One Group is a tracking-stock group whose principal business is Formula 1, the international motor-racing series. Formula 1 organizes and promotes the FIA Formula One World Championship and commercializes its media, sponsorship, licensing, hospitality and other related rights. The business serves a global audience, with races, broadcast distribution and commercial partnerships spanning multiple regions. Its activities include working with race promoters, teams, broadcasters and sponsors, as well as developing digital content and experiences for fans.

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