Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Given Average Rating of "Moderate Buy" by Brokerages

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $101.25.

A number of research analysts have weighed in on FWONA shares. Wells Fargo & Company started coverage on Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, February 24th. They issued an "underweight" rating and a $83.00 price target for the company. Seaport Res Ptn upgraded Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Guggenheim restated a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, March 3rd. Sanford C. Bernstein started coverage on 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 for the company. Finally, Susquehanna assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, April 28th. They issued a "positive" rating and a $115.00 price target for the company.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series A

In related news, Director Chase Carey sold 100,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total transaction of $9,638,000.00. Following the completion of the sale, the director now directly owns 93,102 shares in the company, valued at $8,973,170.76. This represents a 51.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.97% of the company's stock.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in Liberty Media Corporation - Liberty Formula One Series A by 28.9% in the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 191 shares during the last quarter. S&CO Inc. raised its position in Liberty Media Corporation - Liberty Formula One Series A by 1.0% in the first quarter. S&CO Inc. now owns 67,554 shares of the company's stock valued at $5,503,000 after purchasing an additional 660 shares during the last quarter. Quantbot Technologies LP raised its position in Liberty Media Corporation - Liberty Formula One Series A by 61.6% in the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after purchasing an additional 916 shares during the last quarter. Bank of New York Mellon Corp raised its position in Liberty Media Corporation - Liberty Formula One Series A by 2.2% in 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 purchasing an additional 1,300 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.3% in the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock valued at $9,381,000 after buying an additional 2,625 shares during the period. 8.38% of the stock is currently owned by institutional investors.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

NASDAQ FWONA opened at $88.89 on Wednesday. The firm has a market cap of $22.17 billion, a P/E ratio of -222.23 and a beta of 0.49. The stock's 50-day moving average is $83.85 and its 200-day moving average is $84.06. Liberty Media Corporation - Liberty Formula One Series A has a one year low of $63.01 and a one year high of $95.33.

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

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.

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