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

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $102.40.

FWONA has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Citizens Jmp initiated coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, March 30th. They set a "market outperform" rating and a $100.00 target price for the company. Citigroup cut their target price on shares of Liberty Media Corporation - Liberty Formula One Series A from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Friday, March 27th. Finally, Zacks Research lowered shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong sell" rating in a research note on Friday, May 1st.

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Formula One Series A

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,380 shares of the company's stock valued at $342,000 after acquiring an additional 457 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 42.1% during the first quarter. Sanctuary Advisors LLC now owns 15,211 shares of the company's stock valued at $1,188,000 after acquiring an additional 4,510 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 14.4% during the first quarter. Principal Financial Group Inc. now owns 1,518,828 shares of the company's stock valued at $118,593,000 after acquiring an additional 191,619 shares during the period. Fifth Third Bancorp raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 73,166.7% during the first quarter. Fifth Third Bancorp now owns 2,198 shares of the company's stock valued at $172,000 after acquiring an additional 2,195 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 43.2% during the first quarter. Sequoia Financial Advisors LLC now owns 6,824 shares of the company's stock valued at $533,000 after acquiring an additional 2,059 shares during the period. Institutional investors and hedge funds own 8.38% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

FWONA stock opened at $85.95 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a 12 month low of $73.70 and a 12 month high of $99.52. The firm has a market cap of $21.53 billion, a PE ratio of 39.43 and a beta of 0.50. The firm has a 50 day simple moving average of $79.65 and a 200 day simple moving average of $83.40.

About Liberty Media Corporation - Liberty Formula One Series A

Liberty Media Corporation – Liberty Formula One Series A NASDAQ: FWONA is a tracking stock that represents Liberty Media's economic interest in its Liberty Formula One Group business. The tracking stock is designed to give investors direct exposure to the performance of Formula One-related activities within the broader Liberty Media structure while Liberty Media remains the corporate parent. FWONA is a class A equity security tied specifically to the Formula One operations rather than to Liberty Media's other media and entertainment holdings.

The Liberty Formula One Group owns and manages the commercial rights to the FIA Formula One World Championship and derives revenue from global media and broadcasting rights, sponsorship and advertising, race promotion and hospitality, licensing and merchandising, and digital content and distribution.

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