Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Receives $100.83 Consensus PT from Analysts

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $101.83.

A number of analysts have recently issued reports on FWONK shares. Morgan Stanley lowered their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Sanford C. Bernstein upgraded shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Rosenblatt Securities lifted their price objective 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 report on Wednesday, June 4th. Finally, Susquehanna boosted their target price 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 report on Wednesday.

Liberty Media Corporation - Liberty Formula One Series C Trading Up 1.0%

Shares of NASDAQ FWONK traded up $0.99 during midday trading on Monday, reaching $104.79. The company's stock had a trading volume of 721,402 shares, compared to its average volume of 1,225,620. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $70.31 and a fifty-two week high of $106.00. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of -261.98 and a beta of 0.42. The stock has a 50 day simple moving average of $95.37 and a 200-day simple moving average of $92.66.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.23. The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $440.80 million. As a group, equities analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director now directly owns 93,102 shares in the company, valued at $8,807,449.20. The trade was a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series C

Several institutional investors and hedge funds have recently modified their holdings of the stock. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the first quarter valued at about $999,000. Swedbank AB boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 210.6% in the first quarter. Swedbank AB now owns 21,781 shares of the company's stock valued at $1,961,000 after acquiring an additional 14,768 shares during the period. Voya Investment Management LLC boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 25.8% in the first quarter. Voya Investment Management LLC now owns 62,413 shares of the company's stock valued at $5,618,000 after acquiring an additional 12,817 shares during the period. Strs Ohio bought a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the first quarter valued at about $2,370,000. Finally, Allstate Corp boosted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 33.8% in the first quarter. Allstate Corp now owns 8,253 shares of the company's stock valued at $743,000 after acquiring an additional 2,087 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation - Liberty Formula One Series C

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.