Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives $101.25 Consensus Target Price from Brokerages

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $101.25.

A number of research firms recently weighed in on FWONA. 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. Seaport Res Ptn raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 15th. Sanford C. Bernstein assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, June 4th. They set a "market perform" rating and a $105.00 target price on the stock. Finally, Susquehanna assumed coverage on Liberty Media Corporation - Liberty Formula One Series A in a research note on Monday, April 28th. They issued a "positive" rating and a $115.00 price target for the company.

Insider Transactions at Liberty Media Corporation - Liberty Formula One Series A

In related news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director directly owned 93,102 shares in the company, valued at $8,973,170.76. The trade was a 51.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.97% of the stock is owned by company insiders.

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

A number of institutional investors have recently modified their holdings of FWONA. Russell Investments Group Ltd. lifted its position in shares of 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 worth $56,000 after buying an additional 266 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 74.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,372 shares of the company's stock worth $1,497,000 after buying an additional 7,811 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 59,343 shares of the company's stock worth $4,835,000 after buying an additional 1,300 shares during the last quarter. S&CO Inc. lifted its position 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 buying an additional 660 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of 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 worth $196,000 after buying an additional 916 shares during the last quarter. 8.38% of the stock is currently owned by institutional investors.

Liberty Media Corporation - Liberty Formula One Series A Trading Down 0.7%

Shares of NASDAQ:FWONA traded down $0.68 during trading on Friday, hitting $92.53. 55,730 shares of the company were exchanged, compared to its average volume of 112,649. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of -231.33 and a beta of 0.53. Liberty Media Corporation - Liberty Formula One Series A has a fifty-two week low of $66.26 and a fifty-two week high of $96.40. The firm has a fifty day moving average price of $89.81 and a two-hundred day moving average price of $85.17.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $440.80 million. As a group, research analysts predict that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.

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.