Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Analysts maintain a “Buy” consensus on FWONA, with four buy ratings, two strong-buy ratings and one hold rating. The average 12-month price target is $114.67, above the reported opening price of $86.99.
• Recent analyst actions were generally positive: Guggenheim raised its target to $124, while Citizens JMP increased its price objective to $120 and reiterated “market outperform.”
• Liberty Media’s latest quarterly results fell short of expectations, with EPS of $0.02 versus the $0.24 consensus and revenue of $934 million versus estimates of $954.37 million.

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) have received a consensus recommendation of "Buy" from the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $114.6667.

FWONA has been the topic of several analyst reports. Citigroup reiterated a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, July 22nd. Guggenheim upped their price target on Liberty Media Corporation - Liberty Formula One Series A from $116.00 to $124.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 24th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $120.00 price objective (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, July 2nd.

Liberty Media Corporation - Liberty Formula One Series A Trading Down 1.9%

FWONA opened at $86.99 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $73.70 and a 1-year high of $99.52. The company has a market capitalization of $21.79 billion, a PE ratio of 127.93 and a beta of 0.49. The firm's 50 day simple moving average is $91.69 and its two-hundred day simple moving average is $84.94.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $954.37 million.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Formula One Series A news, insider Renee Wilm sold 11,597 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider owned 15,590 shares of the company's stock, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company's stock.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FWONA. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 55.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 352 shares of the company's stock valued at $34,000 after buying an additional 125 shares in the last quarter. Global Retirement Partners LLC increased 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 worth $44,000 after buying an additional 371 shares in the last quarter. TD Private Client Wealth LLC increased its stake in 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 worth $48,000 after buying an additional 209 shares in the last quarter. State of Wyoming bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the second quarter valued at about $66,000. Finally, Kestra Advisory Services LLC bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the fourth quarter valued at about $90,000. 8.38% of the stock is owned by hedge funds and other institutional investors.

About Liberty Media Corporation - Liberty Formula One Series A

Liberty Media Corporation's Liberty Formula One Series A represents an interest in the company's Formula One Group, which is primarily involved in the commercial and promotional management of the Formula 1 World Championship. The business oversees the global championship's commercial rights, including race promotion, media and broadcasting rights, sponsorships, hospitality, licensing and other related activities.

Formula 1 organizes and promotes a worldwide motor racing series featuring events held across Europe, the Americas, Asia, the Middle East and Australia.

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