Analysts Set Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Price Target at $103.00

Shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $103.00.

A number of analysts have commented on the stock. Rosenblatt Securities increased their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $80.00 to $87.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Susquehanna lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st.

Liberty Media Corporation - Liberty Formula One Series C Trading Down 0.6%

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.62 during mid-day trading on Friday, reaching $102.85. 850,230 shares of the stock were exchanged, compared to its average volume of 1,182,073. The company has a market cap of $25.65 billion, a price-to-earnings ratio of -257.13 and a beta of 0.47. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $72.69 and a fifty-two week high of $106.26. The firm has a 50-day simple moving average of $99.84 and a 200 day simple moving average of $93.66.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.23. The firm had revenue of $447.00 million for the quarter, compared to the consensus estimate of $440.80 million. On average, research analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

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

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Chase Carey sold 50,000 shares of Liberty Media Corporation - Liberty Formula One Series C stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the completion of the transaction, the director owned 93,102 shares of the company's stock, valued at $8,807,449.20. The trade was a 34.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lecap Asset Management Ltd. purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C in the second quarter worth $323,000. ASR Vermogensbeheer N.V. boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 5.6% during the second quarter. ASR Vermogensbeheer N.V. now owns 24,426 shares of the company's stock valued at $2,552,000 after buying an additional 1,304 shares during the last quarter. LBP AM SA purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at $1,602,000. Chicago Capital LLC purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at $580,000. Finally, SeaBridge Investment Advisors LLC boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 8.0% in the second quarter. SeaBridge Investment Advisors LLC now owns 26,339 shares of the company's stock worth $2,752,000 after purchasing an additional 1,946 shares during the last quarter. Institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C 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.