Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Stock Has Consensus Price Target of $114.67 According to Analysts

Key Points

• Analysts remain bullish on FWONA: Seven firms assign the stock an average “Buy” rating, with a consensus 12-month price target of $114.67 versus its recent $87.49 price.
• Recent analyst actions were generally positive: Citizens JMP raised its target to $120, while Guggenheim increased its target to $124 and maintained a “Buy” rating; one firm issued a hold rating.
• Quarterly results fell short of expectations: Liberty Formula One reported earnings of $0.02 per share versus the $0.24 consensus estimate, while revenue of $934 million also missed the $954.37 million forecast.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has been assigned an average rating of "Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $114.67.

A number of research firms have recently weighed in on FWONA. Citigroup reaffirmed a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, September 21st. Citizens Jmp restated a "market outperform" rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Thursday, July 2nd. Finally, 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 stock a "buy" rating in a report on Friday, August 14th.

Liberty Media Corporation - Liberty Formula One Series A Stock Up 4.9%

Liberty Media Corporation - Liberty Formula One Series A stock opened at $87.49 on Tuesday. The firm has a market cap of $21.91 billion, a P/E ratio of 128.66 and a beta of 0.53. Liberty Media Corporation - Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The business has a fifty day moving average of $90.20 and a two-hundred day moving average of $85.76.

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 for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $954.37 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional purchased a new stake in Liberty Media Corporation - Liberty Formula One Series A in the third quarter valued at about $59,000. QRG Capital Management Inc. boosted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 13.2% in the second quarter. QRG Capital Management Inc. now owns 3,895 shares of the company's stock worth $341,000 after acquiring an additional 454 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 13.3% during the second quarter. Sequoia Financial Advisors LLC now owns 7,734 shares of the company's stock worth $677,000 after acquiring an additional 910 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 4,106.5% during the second quarter. Engineers Gate Manager LP now owns 174,442 shares of the company's stock valued at $15,271,000 after acquiring an additional 170,295 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the second quarter valued at about $294,000. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Formula One Series A Company Profile

Liberty Media Corporation's Liberty Formula One Group is represented by the Liberty Formula One Series A tracking stock, traded under the symbol FWONA on the Nasdaq. The group primarily reflects Liberty Media's ownership and operation of Formula 1, the global motorsport championship. Its business includes managing Formula 1's commercial rights, promoting races, negotiating media and sponsorship agreements, and developing licensing and hospitality opportunities associated with the sport.

Formula 1 serves an international audience through a calendar of races hosted across Europe, the Americas, Asia, the Middle East and Australia.

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