Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Liberty Media Corporation's Formula One Series A (NASDAQ:FWONA) has received a consensus rating of “Moderate Buy” from six analysts, with an average 12-month price target of $103.00.
• Recent brokerage reports show differing target prices for the stock, with Guggenheim raising their target from $95.00 to $110.00, while Susquehanna set a price objective of $115.00.
• Director Chase Carey sold 100,000 shares of FWONA at an average price of $96.38, marking a significant 51.79% decrease in his ownership of the stock.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $103.00.

A number of equities analysts have issued reports on FWONA shares. Susquehanna initiated coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Monday, April 28th. They set a "positive" rating and a $115.00 price target for the company. Benchmark reissued a "buy" rating and set a $102.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Thursday, June 12th. Guggenheim upped their price target on shares of Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Sanford C. Bernstein began coverage on Liberty Media Corporation - Liberty Formula One Series A in a research report on Wednesday, June 4th. They set a "market perform" rating and a $105.00 price target on the stock.

Liberty Media Corporation - Liberty Formula One Series A Price Performance

Shares of FWONA stock traded down $2.69 during mid-day trading on Thursday, hitting $86.47. The stock had a trading volume of 121,891 shares, compared to its average volume of 74,199. Liberty Media Corporation - Liberty Formula One Series A has a 12-month low of $66.26 and a 12-month high of $96.40. The firm's 50-day moving average is $91.20 and its two-hundred day moving average is $86.10. The firm has a market capitalization of $21.57 billion, a P/E ratio of -216.18 and a beta of 0.52.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $1.00. Analysts expect that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.

Insiders Place Their Bets

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of the 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 completion of the transaction, the director directly owned 93,102 shares of the company's stock, valued at approximately $8,973,170.76. This trade represents a 51.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.97% of the company's stock.

Institutional Trading of Liberty Media Corporation - Liberty Formula One Series A

Several institutional investors and hedge funds have recently modified their holdings of FWONA. Russell Investments Group Ltd. boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 67.2% during the fourth quarter. Russell Investments Group Ltd. now owns 662 shares of the company's stock valued at $56,000 after acquiring an additional 266 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 74.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock valued at $1,497,000 after purchasing an additional 7,811 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Liberty Media Corporation - Liberty Formula One Series A by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock valued at $4,835,000 after purchasing an additional 1,300 shares in the last quarter. S&CO Inc. boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.0% during the 1st quarter. S&CO Inc. now owns 67,554 shares of the company's stock worth $5,503,000 after purchasing an additional 660 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 61.6% during the first quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock worth $196,000 after buying an additional 916 shares in the last quarter. Hedge funds and other institutional investors 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.