Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Price Target Raised to $120.00

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) had its price objective lifted by Guggenheim from $104.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Guggenheim's target price points to a potential upside of 15.58% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Rosenblatt Securities upped 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 report on Wednesday, June 4th. Susquehanna upped their price objective on 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, June 25th. JPMorgan Chase & Co. boosted their target price on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company raised their price target on 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $107.25.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Shares of FWONK stock traded down $0.77 during trading hours on Tuesday, reaching $103.83. 511,198 shares of the company traded hands, compared to its average volume of 1,200,255. Liberty Media Corporation - Liberty Formula One Series C has a 12-month low of $72.69 and a 12-month high of $106.26. The company has a market cap of $25.90 billion, a P/E ratio of -259.57 and a beta of 0.47. The firm has a 50-day moving average price of $100.29 and a 200 day moving average price of $93.87.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.23. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $440.80 million. Sell-side analysts predict 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 stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director owned 93,102 shares of the company's stock, valued at $8,807,449.20. This represents a 34.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.31% of the stock is owned by company insiders.

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

Several hedge funds have recently bought and sold shares of FWONK. US Bancorp DE raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.9% in the second quarter. US Bancorp DE now owns 5,866 shares of the company's stock valued at $613,000 after acquiring an additional 110 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.0% in the second quarter. Blair William & Co. IL now owns 6,016 shares of the company's stock valued at $629,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 10.9% in the second quarter. GAMMA Investing LLC now owns 2,170 shares of the company's stock valued at $227,000 after acquiring an additional 213 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 6.0% in the second quarter. Golden State Equity Partners now owns 3,998 shares of the company's stock valued at $418,000 after acquiring an additional 226 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C in the second quarter valued at about $29,000. 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.