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

Key Points

• Analysts give FWONA an average rating of Buy from six covering brokers (1 hold, 3 buy, 2 strong buy), with a one-year average price target of $108.00.
• Shares opened at $75.67, trade in a 52-week range of $68.00–$99.52, and the company has a market cap of $18.92 billion with a P/E of 34.4.
• Several institutional investors have recently added or increased positions—most notably Norges Bank's ~$96 million purchase—with institutional ownership reported at 8.38%.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has received an average rating of "Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $108.00.

Several brokerages have recently issued reports on FWONA. Benchmark reissued a "buy" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Friday, November 21st. Zacks Research raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, December 29th. Finally, 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 report on Monday, January 12th.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

Shares of NASDAQ FWONA opened at $75.67 on Friday. Liberty Media Corporation - Liberty Formula One Series A has a one year low of $68.00 and a one year high of $99.52. The business's 50-day moving average price is $79.93 and its two-hundred day moving average price is $86.59. The company has a market capitalization of $18.92 billion, a P/E ratio of 34.40 and a beta of 0.50.

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

Several institutional investors and hedge funds have recently modified their holdings of FWONA. Cooper Investors PTY Ltd. lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 117.4% in the third quarter. Cooper Investors PTY Ltd. now owns 112,982 shares of the company's stock worth $10,758,000 after buying an additional 61,011 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 989,602 shares of the company's stock valued at $94,234,000 after acquiring an additional 102,586 shares during the last quarter. GAM Holding AG acquired a new position in shares of Liberty Media Corporation - Liberty Formula One Series A during the 3rd quarter valued at about $1,608,000. Norges Bank bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series A in the 2nd quarter valued at approximately $96,078,000. Finally, Capula Management Ltd raised its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 81.2% in the 2nd quarter. Capula Management Ltd now owns 28,284 shares of the company's stock valued at $2,686,000 after acquiring an additional 12,671 shares in 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

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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