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

Key Points

• Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) has an average rating of "Moderate Buy" from brokers, with a 12-month price target of $103.00.
• The company reported earnings of $1.52 per share for the last quarter, significantly exceeding analysts' expectations of $0.52, with revenue reaching $1.34 billion.
• Insider trading activity includes the sale of 898 shares by Director Malcolm Ian Grant Gilchrist at an average price of $100.20, representing a 33.52% decrease in his position.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $103.00.

Several equities research analysts have commented on FWONA shares. Guggenheim boosted their target price on shares of Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Weiss Ratings restated a "hold (c+)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

NASDAQ:FWONA opened at $90.36 on Tuesday. The firm's fifty day moving average price is $92.34 and its 200 day moving average price is $88.69. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $99.52. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 88.59 and a beta of 0.53.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $1.00. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, 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 other Liberty Media Corporation - Liberty Formula One Series A news, Director Malcolm Ian Grant Gilchrist sold 898 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.20, for a total transaction of $89,979.60. Following the sale, the director directly owned 1,781 shares in the company, valued at approximately $178,456.20. The trade was a 33.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 5,651 shares of company stock worth $572,250. 2.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 196.2% during the 2nd quarter. Assetmark Inc. now owns 391 shares of the company's stock worth $37,000 after buying an additional 259 shares during the last quarter. State of Wyoming acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 2nd quarter worth $66,000. Russell Investments Group Ltd. raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 28.9% during the 1st quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock worth $69,000 after buying an additional 191 shares during the last quarter. MAI Capital Management raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 76.2% during the 2nd quarter. MAI Capital Management now owns 821 shares of the company's stock worth $78,000 after buying an additional 355 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 18.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,431 shares of the company's stock worth $136,000 after buying an additional 221 shares during the last quarter. Institutional investors and hedge funds own 8.38% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Company Profile

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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