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

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

A number of equities research analysts have recently issued reports on FWONA shares. Susquehanna started coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, April 28th. They issued a "positive" rating and a $115.00 target price on the stock. Guggenheim reaffirmed a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, March 3rd. Seaport Res Ptn raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 15th. Sanford C. Bernstein started coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company started coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, February 24th. They issued an "underweight" rating and a $83.00 target price on the stock.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

NASDAQ:FWONA traded up $1.16 on Wednesday, hitting $93.25. 209,998 shares of the company's stock were exchanged, compared to its average volume of 112,052. The firm has a 50-day moving average price of $85.07 and a 200-day moving average price of $84.29. Liberty Media Corporation - Liberty Formula One Series A has a 52 week low of $63.01 and a 52 week high of $95.33. The company has a market cap of $23.26 billion, a P/E ratio of -233.13 and a beta of 0.49.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $400.00 million for the quarter, compared to the consensus estimate of $440.80 million. On average, research analysts expect that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current fiscal year.

Insider Activity 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 dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the transaction, the director now owns 93,102 shares in the company, valued at approximately $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 accessible through the SEC website. 2.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.2% during the 4th quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock worth $56,000 after purchasing an additional 266 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 61.6% during the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock worth $196,000 after acquiring an additional 916 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 74.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after acquiring an additional 7,811 shares in the last quarter. Strs Ohio acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A during the 1st quarter worth approximately $2,232,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds 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.