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

Key Points

• Analysts have assigned FWONA a consensus rating of Moderate Buy from eight firms (five buys, two holds, one strong buy), with an average 12‑month price target of $104.50.
• Several institutional investors have recently increased holdings — notably Qube Research & Technologies now owns 159,138 shares (about $15.1M) — and institutional investors collectively own approximately 8.38% of the stock.
• FWONA opened at $83.40 and trades in a 52‑week range of $70.54–$99.52; the company has a market cap of $20.89 billion and a P/E ratio of 37.91.

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $104.50.

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their price target on Liberty Media Corporation - Liberty Formula One Series A from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series A in a report on Friday, March 27th. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a report on Monday, January 12th. Zacks Research downgraded Liberty Media Corporation - Liberty Formula One Series A from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Citizens Jmp began coverage on Liberty Media Corporation - Liberty Formula One Series A in a report on Monday, March 30th. They set a "market outperform" rating and a $100.00 target price for the company.

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

A number of institutional investors and hedge funds have recently modified their holdings of FWONA. American Century Companies Inc. lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 33.6% during the second quarter. American Century Companies Inc. now owns 3,845 shares of the company's stock worth $365,000 after purchasing an additional 968 shares during the period. M&T Bank Corp lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 25.7% during the second quarter. M&T Bank Corp now owns 3,277 shares of the company's stock worth $311,000 after purchasing an additional 670 shares during the period. Amundi lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 29.2% during the second quarter. Amundi now owns 14,450 shares of the company's stock worth $1,336,000 after purchasing an additional 3,264 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 54.2% during the second quarter. Daiwa Securities Group Inc. now owns 2,642 shares of the company's stock worth $251,000 after purchasing an additional 929 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series A by 2.9% during the second quarter. Qube Research & Technologies Ltd now owns 159,138 shares of the company's stock worth $15,112,000 after purchasing an additional 4,459 shares during the period. Institutional investors and hedge funds own 8.38% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series A Stock Performance

Shares of FWONA stock opened at $83.40 on Tuesday. Liberty Media Corporation - Liberty Formula One Series A has a fifty-two week low of $70.54 and a fifty-two week high of $99.52. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 37.91 and a beta of 0.59. The stock's 50-day simple moving average is $78.91 and its 200-day simple moving average is $84.93.

About Liberty Media Corporation - Liberty Formula One Series A

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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