Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given Consensus Rating of "Moderate Buy" by Analysts

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research 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 12-month price objective among analysts that have covered the stock in the last year is $100.83.

Several brokerages recently commented on FWONK. Susquehanna began coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a research note on Monday, April 28th. They issued a "positive" rating and a $115.00 target price on the stock. Rosenblatt Securities lifted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on 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. Seaport Res Ptn upgraded Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 16th. Finally, Wall Street Zen lowered Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

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

In related news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction on 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 sale, the director now owns 93,102 shares in the company, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

A number of hedge funds have recently bought and sold shares of FWONK. GW&K Investment Management LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C in the first quarter worth about $25,000. Versant Capital Management Inc boosted its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% in the first quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock worth $194,000 after acquiring an additional 2,013 shares during the period. HighPoint Advisor Group LLC boosted its stake in Liberty Media Corporation - Liberty Formula One Series C by 22.3% during the first quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock valued at $382,000 after buying an additional 779 shares during the last quarter. Allstate Corp bought a new position in Liberty Media Corporation - Liberty Formula One Series C during the fourth quarter valued at approximately $571,000. Finally, Praxis Investment Management Inc. boosted its stake in Liberty Media Corporation - Liberty Formula One Series C by 10.7% during the first quarter. Praxis Investment Management Inc. now owns 9,870 shares of the company's stock valued at $888,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company's stock.

Liberty Media Corporation - Liberty Formula One Series C Trading Up 1.5%

Shares of NASDAQ FWONK opened at $103.46 on Monday. The stock has a market cap of $25.81 billion, a price-to-earnings ratio of -258.65 and a beta of 0.42. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $70.31 and a 1-year high of $103.80. The stock's 50-day moving average is $93.44 and its 200 day moving average is $92.33.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.