Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) 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 changing hands. The stock had previously closed at $105.27.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on FWONK shares. JPMorgan Chase & Co. boosted their target price 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. Seaport Res Ptn raised 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. Susquehanna upped their target price on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Rosenblatt Securities lifted their price target 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. Finally, 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 report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $101.83.
Read Our Latest Stock Analysis on Liberty Media Corporation - Liberty Formula One Series C
Liberty Media Corporation - Liberty Formula One Series C Trading Up 1.7%
The company has a 50 day moving average of $97.26 and a 200 day moving average of $93.00. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of -260.59 and a beta of 0.47.
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 analysts' consensus estimates of ($0.18) by $0.23. The firm had revenue of $447.00 million during the quarter, compared to the consensus estimate of $440.80 million. Equities analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.
Insider Activity
In other news, Director Chase Carey sold 50,000 shares of the 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 transaction, the director owned 93,102 shares in the company, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.31% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series C
Several hedge funds and other institutional investors have recently modified their holdings of the stock. GW&K Investment Management LLC bought a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the 1st quarter valued at $25,000. Versant Capital Management Inc raised its holdings 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 valued at $194,000 after acquiring an additional 2,013 shares during the period. HighPoint Advisor Group LLC lifted its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.3% in the first quarter. HighPoint Advisor Group LLC now owns 4,278 shares of the company's stock valued at $382,000 after acquiring an additional 779 shares in the last quarter. Allstate Corp bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter worth about $571,000. Finally, Praxis Investment Management Inc. grew its position in shares of 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 worth $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
(
Get Free Report)
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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