Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives Average 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.

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $103.00.

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

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

Shares of Liberty Media Corporation - Liberty Formula One Series A stock traded down $0.80 on Thursday, hitting $85.67. The company had a trading volume of 86,675 shares, compared to its average volume of 72,073. Liberty Media Corporation - Liberty Formula One Series A has a 1 year low of $66.26 and a 1 year high of $96.40. The stock has a 50 day moving average of $91.17 and a 200-day moving average of $86.14. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 83.99 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 (EPS) for the quarter, topping the consensus estimate of $0.52 by $1.00. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 earnings per share for the current year.

Insider Activity

In other news, Director Chase Carey sold 100,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total transaction 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 represents a 51.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.97% of the company's stock.

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

A number of large investors have recently modified their holdings of FWONA. Assetmark Inc. lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 196.2% during the second quarter. Assetmark Inc. now owns 391 shares of the company's stock valued at $37,000 after buying an additional 259 shares during the period. Russell Investments Group Ltd. lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 67.2% during the 4th 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 period. Quantbot Technologies LP lifted its position in Liberty Media Corporation - Liberty Formula One Series A by 61.6% during the 1st quarter. Quantbot Technologies LP now owns 2,404 shares of the company's stock valued at $196,000 after acquiring an additional 916 shares during the period. Plancorp LLC bought a new stake in Liberty Media Corporation - Liberty Formula One Series A during the second quarter worth about $214,000. Finally, Signaturefd LLC grew its holdings in Liberty Media Corporation - Liberty Formula One Series A by 11.4% in the second quarter. Signaturefd LLC now owns 2,750 shares of the company's stock worth $261,000 after purchasing an additional 281 shares during the period. Institutional investors own 8.38% of the company's stock.

About Liberty Media Corporation - Liberty Formula One Series A

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.