Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given New $120.00 Price Target at Guggenheim

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) had its target price hoisted by analysts at Guggenheim from $104.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Guggenheim's price target would indicate a potential upside of 16.78% from the company's current price.

Several other analysts have also recently commented on the stock. Susquehanna raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $80.00 to $87.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein upgraded shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.25.

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

Shares of NASDAQ:FWONK traded down $0.59 during midday trading on Tuesday, hitting $102.76. The stock had a trading volume of 151,416 shares, compared to its average volume of 1,196,429. The company has a market capitalization of $25.63 billion, a PE ratio of -256.92 and a beta of 0.47. The stock has a 50 day moving average price of $100.43 and a two-hundred day moving average price of $93.95. Liberty Media Corporation - Liberty Formula One Series C has a 1 year low of $72.69 and a 1 year high of $106.26.

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 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.23. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $440.80 million. As a group, equities analysts expect that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.

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

In other news, Director Chase Carey sold 50,000 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.31% of the company's stock.

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

Institutional investors have recently modified their holdings of the company. Greenwood Gearhart Inc. raised its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.7% in the fourth quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock valued at $16,764,000 after buying an additional 4,761 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after purchasing an additional 4,897 shares during the last quarter. Allstate Corp acquired a new position in Liberty Media Corporation - Liberty Formula One Series C during the fourth quarter worth approximately $571,000. California State Teachers Retirement System increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after purchasing an additional 6,297 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% during the first quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock worth $194,000 after purchasing an additional 2,013 shares during the last quarter. Institutional investors and hedge funds 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.