Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Stock Has Average Target Price of $115.50

Key Points

• Analyst consensus is “Moderate Buy”: Six of 10 analysts rate FWONK a buy and four recommend holding, with an average 12-month price target of $115.50.
• Recent analyst views were mixed: Bernstein raised its target to $119 and rated the shares “outperform,” while Wall Street Zen downgraded them to “strong sell” and Zacks cut its rating to “hold.”
• Quarterly results missed expectations: Liberty Media reported EPS of $0.02 versus the $0.24 consensus and revenue of $934 million versus expectations of about $953 million. Institutional investors and hedge funds own 92.26% of the stock.

Shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) have received an average rating of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $115.50.

FWONK has been the subject of a number of recent research reports. Wall Street Zen downgraded Liberty Media Corporation - Liberty Formula One Series C from a "sell" rating to a "strong sell" rating in a research report on Sunday, October 11th. Sanford C. Bernstein lifted their target price on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Zacks Research cut Liberty Media Corporation - Liberty Formula One Series C from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group assumed coverage on Liberty Media Corporation - Liberty Formula One Series C in a report on Wednesday, September 9th. They set a "buy" rating and a $115.00 target price for the company.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allied Private Wealth LLC purchased a new position in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at about $32,000. Anchor Investment Management LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter worth approximately $39,000. IFP Advisors Inc lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 148.5% in the third quarter. IFP Advisors Inc now owns 420 shares of the company's stock worth $39,000 after purchasing an additional 251 shares in the last quarter. WPG Advisers LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 585.1% in the third quarter. WPG Advisers LLC now owns 459 shares of the company's stock worth $42,000 after purchasing an additional 392 shares in the last quarter. Finally, Signaturefd LLC acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

FWONK stock opened at $98.93 on Thursday. Liberty Media Corporation - Liberty Formula One Series C has a 12 month low of $80.15 and a 12 month high of $107.31. The firm has a market cap of $22.19 billion, a PE ratio of 145.49 and a beta of 0.46. The firm has a 50 day simple moving average of $94.40 and a 200 day simple moving average of $92.01.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $952.78 million. As a group, sell-side analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 2.00 earnings per share for the current year.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

Liberty Media Corporation's Liberty Formula One Series C tracking stock represents an economic interest in the company's Formula One Group. The group is centered on Formula 1, the global motorsport championship that organizes and promotes Grand Prix racing, manages commercial rights, and coordinates the sport's international media, sponsorship, hospitality and licensing activities.

Formula 1 serves a worldwide audience through its race calendar, broadcast and digital content, live-event experiences, sponsorship programs and official merchandise.

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