Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) had its price objective increased by equities researchers at Guggenheim from $95.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Guggenheim's price target points to a potential upside of 18.71% from the stock's current price.
A number of other analysts have also recently commented on the stock. Susquehanna assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, April 28th. They set a "positive" rating and a $115.00 target price on the stock. Sanford C. Bernstein assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price target on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $102.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.00.
Check Out Our Latest Stock Analysis on Liberty Media Corporation - Liberty Formula One Series A
Liberty Media Corporation - Liberty Formula One Series A Price Performance
Liberty Media Corporation - Liberty Formula One Series A stock traded down $0.87 during mid-day trading on Tuesday, reaching $92.66. 12,646 shares of the company traded hands, compared to its average volume of 107,927. The firm's 50 day moving average price is $90.99 and its 200 day moving average price is $85.69. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of -231.80 and a beta of 0.53. Liberty Media Corporation - Liberty Formula One Series A has a 52-week low of $66.26 and a 52-week high of $96.40.
Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $400.00 million for the quarter, compared to analysts' expectations of $440.80 million. On average, sell-side analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.
Insiders Place Their Bets
In other Liberty Media Corporation - Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the transaction, the director owned 93,102 shares of the company's stock, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.97% of the company's stock.
Institutional Investors Weigh In On Liberty Media Corporation - Liberty Formula One Series A
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC increased its holdings in Liberty Media Corporation - Liberty Formula One Series A by 2.3% in the 1st quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock worth $9,381,000 after acquiring an additional 2,625 shares in the last quarter. S&CO Inc. boosted its stake in Liberty Media Corporation - Liberty Formula One Series A by 1.0% in the 1st quarter. S&CO Inc. now owns 67,554 shares of the company's stock worth $5,503,000 after purchasing an additional 660 shares during the period. Bank of New York Mellon Corp boosted its stake in Liberty Media Corporation - Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after purchasing an additional 1,300 shares during the period. Cooper Investors PTY Ltd. boosted its stake in Liberty Media Corporation - Liberty Formula One Series A by 14.0% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company's stock worth $4,935,000 after purchasing an additional 6,389 shares during the period. Finally, Strs Ohio bought a new position in Liberty Media Corporation - Liberty Formula One Series A in the 1st quarter worth approximately $2,232,000. Hedge funds and other institutional investors own 8.38% of the company's stock.
About Liberty Media Corporation - Liberty Formula One Series A
(
Get Free Report)
Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.
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