Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Price Target Raised to $110.00 at Guggenheim

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) had its price objective hoisted by stock analysts 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 objective indicates a potential upside of 16.93% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $102.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Susquehanna started coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, April 28th. They issued a "positive" rating and a $115.00 price objective for the company. Finally, Sanford C. Bernstein assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

FWONA stock traded down $0.24 during midday trading on Tuesday, hitting $94.08. 43,581 shares of the stock were exchanged, compared to its average volume of 108,033. Liberty Media Corporation - Liberty Formula One Series A has a fifty-two week low of $66.26 and a fifty-two week high of $96.40. The stock has a market cap of $23.47 billion, a price-to-earnings ratio of -235.19 and a beta of 0.53. The stock's 50-day moving average price is $90.89 and its 200-day moving average price is $85.63.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $400.00 million during the quarter, compared to analyst estimates of $440.80 million. Research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.

Insider Transactions at Liberty Media Corporation - Liberty Formula One Series A

In other news, Director Chase Carey sold 100,000 shares of the company'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 sale, the director owned 93,102 shares of the company's stock, valued at $8,973,170.76. This represents a 51.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.2% in the fourth quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after acquiring an additional 266 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 74.0% during the first quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock valued at $1,497,000 after buying an additional 7,811 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock valued at $4,835,000 after buying an additional 1,300 shares in the last quarter. S&CO Inc. raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 1.0% during the first quarter. S&CO Inc. now owns 67,554 shares of the company's stock valued at $5,503,000 after buying an additional 660 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 61.6% during the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after buying an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 8.38% of the company's stock.

About Liberty Media Corporation - Liberty Formula One Series A

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.