Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Hits New 1-Year High - Should You Buy?

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $106.26 and last traded at $105.24, with a volume of 55402 shares trading hands. The stock had previously closed at $105.27.

Analyst Ratings Changes

A number of research firms recently commented on FWONK. Susquehanna increased their price target on 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. Seaport Res Ptn raised shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 16th. Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, 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 stock an "overweight" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $101.83.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

The firm has a fifty day simple moving average of $95.82 and a 200-day simple moving average of $92.74. The firm has a market cap of $26.36 billion, a P/E ratio of -262.88 and a beta of 0.42.

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

Insider Activity 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 the firm'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 transaction of $4,730,000.00. Following the completion of the transaction, the director now owns 93,102 shares of the company's stock, valued at approximately $8,807,449.20. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.31% of the stock is currently owned by company insiders.

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

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

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.

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