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

Key Points

• FWONA has a consensus “Buy” rating from seven analysts: four buy ratings, two strong-buy ratings and one hold. The average 12-month price target is $114.67, above its reported price of $95.31.
• The stock trades near its 12-month high, with a market capitalization of $23.87 billion and a price-to-earnings ratio of 140.16. However, its latest quarterly results missed expectations, with EPS of $0.02 versus $0.24 expected and revenue of $934 million versus $954.37 million forecast.
• Institutional ownership stands at 8.38%, with several major investors adding or initiating positions, while insiders recently sold shares, including a 100,000-share sale by director Chase Carey.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has been given a consensus rating of "Buy" by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $114.6667.

Several equities analysts have recently weighed in on the company. Citizens Jmp restated a "market outperform" rating and issued a $120.00 target price (up from $100.00) on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, July 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 24th. Guggenheim reissued a "buy" rating and issued a $124.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Friday. Zacks Research upgraded Liberty Media Corporation - Liberty Formula One Series A from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Wednesday, July 22nd.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

FWONA opened at $95.31 on Monday. The company has a market cap of $23.87 billion, a PE ratio of 140.16 and a beta of 0.49. Liberty Media Corporation - Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $99.52. The company has a 50-day moving average price of $88.54 and a 200 day moving average price of $83.21.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $954.37 million.

Insider Activity

In related news, insider Renee L. Wilm sold 11,597 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chase Carey sold 100,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total transaction of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company's stock, valued at approximately $8,518,459.68. This represents a 51.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.63% of the company's stock.

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

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in 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 worth $118,593,000 after buying an additional 191,619 shares in the last quarter. Madison Asset Management LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series A in the 2nd quarter valued at $131,567,000. Norges Bank acquired a new stake in shares of Liberty Media Corporation - Liberty Formula One Series A in the 4th quarter worth $90,433,000. Janus Henderson Group PLC increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,006,144 shares of the company's stock worth $78,560,000 after acquiring an additional 10,603 shares during the last quarter. Finally, Sculptor Capital LP raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.7% during the 2nd quarter. Sculptor Capital LP now owns 750,000 shares of the company's stock worth $71,220,000 after acquiring an additional 12,786 shares during the period. 8.38% of the stock is currently owned by hedge funds and other institutional investors.

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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