Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) Receives $101.25 Average PT from Analysts

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 analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $101.25.

FWONA has been the topic of several research reports. 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 on the stock. Benchmark reissued a "buy" rating and set a $102.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series A in a research note on Thursday, June 12th. Finally, Sanford C. Bernstein started coverage on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Wednesday, June 4th. They issued a "market perform" rating and a $105.00 price target for the company.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series A

In other Liberty Media Corporation - Liberty Formula One Series A news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation - Liberty Formula One Series A stock in a transaction on 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 sale, the director owned 93,102 shares of the company's stock, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC increased its stake in Liberty Media Corporation - Liberty Formula One Series A by 2.3% in the first quarter. Gabelli Funds LLC now owns 115,150 shares of the company's stock valued at $9,381,000 after purchasing an additional 2,625 shares in the last quarter. S&CO Inc. grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 1.0% in the 1st quarter. S&CO Inc. now owns 67,554 shares of the company's stock valued at $5,503,000 after buying an additional 660 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 buying an additional 1,300 shares in the last quarter. Cooper Investors PTY Ltd. raised its stake in Liberty Media Corporation - Liberty Formula One Series A by 14.0% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 51,971 shares of the company's stock worth $4,935,000 after buying an additional 6,389 shares during the period. Finally, Strs Ohio bought a new position in Liberty Media Corporation - Liberty Formula One Series A during the first quarter worth about $2,232,000. 8.38% of the stock is currently owned by institutional investors.

Liberty Media Corporation - Liberty Formula One Series A Stock Up 0.5%

NASDAQ:FWONA traded up $0.50 on Friday, reaching $91.52. The stock had a trading volume of 63,647 shares, compared to its average volume of 109,945. The company has a market capitalization of $22.83 billion, a P/E ratio of -228.80 and a beta of 0.53. 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 fifty day moving average price of $90.14 and a 200-day moving average price of $85.26.

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

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.