Liberty Media Corporation - Liberty Formula One Series C (FWONK) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Eight firms rate FWONK a “Moderate Buy,” with five buys and three holds. The average 12-month price target is $116.29, although targets range from $115 to $134.
• Shares opened at $94.04, down 1.1%: The stock has traded between $80.15 and $107.31 over the past year and carries a market capitalization of approximately $21.1 billion.
• Recent earnings missed expectations: Liberty Formula One reported quarterly EPS of $0.02 versus the $0.24 consensus estimate, while revenue of $934 million also fell short of the $952.78 million forecast. Institutional investors own 92.26% of the company.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $116.29.

FWONK has been the topic of several research analyst reports. Guggenheim boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $125.00 to $134.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Jefferies Financial Group started coverage on Liberty Media Corporation - Liberty Formula One Series C in a research note on Wednesday, September 9th. They issued a "buy" rating and a $115.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "strong sell" rating in a report on Sunday.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 1.1%

FWONK stock opened at $94.04 on Friday. The business's 50-day moving average price is $97.94 and its 200-day moving average price is $93.60. The stock has a market cap of $21.10 billion, a P/E ratio of 138.29 and a beta of 0.46. Liberty Media Corporation - Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $107.31.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. On average, equities research analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 2.00 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC bought a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter worth about $32,000. Anchor Investment Management LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at $39,000. V Square Quantitative Management LLC purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter worth about $51,000. Oslo Pensjonsforsikring AS purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the first quarter valued at approximately $58,000. Finally, Allworth Financial LP increased its stake in Liberty Media Corporation - Liberty Formula One Series C by 567.6% in the second quarter. Allworth Financial LP now owns 968 shares of the company's stock worth $92,000 after purchasing an additional 823 shares during the period. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

Liberty Media Corporation's Liberty Formula One Series C represents a non-voting tracking stock associated with the company's Formula One Group. The group's principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship's commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.

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