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

Key Points

• Liberty Media Corporation - Liberty Formula One Series A has received a consensus rating of "Moderate Buy" from seven research firms, with analysts providing a range of ratings including one sell, one hold, and multiple buy ratings.
• The average 12-month price target for the stock is $103.00, with estimates from firms ranging as high as $110.00 following recent upgrades.
• In its latest earnings report, the company reported $1.52 earnings per share, significantly exceeding the consensus estimate of $0.52, with revenues reaching $1.34 billion.

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on 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 recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of 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 target on the stock. Zacks Research raised shares of Liberty Media Corporation - Liberty Formula One Series A from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Benchmark reaffirmed a "buy" rating and set a $102.00 price target on shares of Liberty Media Corporation - Liberty Formula One Series A in a research report on Thursday, June 12th. Finally, Guggenheim boosted their target price on Liberty Media Corporation - Liberty Formula One Series A from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd.

Liberty Media Corporation - Liberty Formula One Series A Trading Down 0.0%

FWONA traded down $0.01 during midday trading on Monday, hitting $90.18. 43,811 shares of the company were exchanged, compared to its average volume of 101,239. The company's 50 day simple moving average is $91.10 and its 200 day simple moving average is $86.23. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 88.44 and a beta of 0.52. Liberty Media Corporation - Liberty Formula One Series A has a 1-year low of $68.00 and a 1-year high of $96.40.

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.52 by $1.00. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts anticipate that Liberty Media Corporation - Liberty Formula One Series A will post 1.46 EPS for the current year.

Insider Buying and Selling

In related news, Director Malcolm Ian Grant Gilchrist sold 3,885 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $102.44, for a total value of $397,979.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.97% of the stock is owned by company insiders.

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

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of 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 worth $37,000 after buying an additional 259 shares during the period. State of Wyoming purchased a new position in Liberty Media Corporation - Liberty Formula One Series A during the second quarter worth about $66,000. MAI Capital Management raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 76.2% during the second quarter. MAI Capital Management now owns 821 shares of the company's stock worth $78,000 after purchasing an additional 355 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 28.9% during the first quarter. Russell Investments Group Ltd. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 191 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Liberty Media Corporation - Liberty Formula One Series A by 18.3% during the second quarter. California State Teachers Retirement System now owns 1,431 shares of the company's stock worth $136,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds 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.