Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded FWONK from “hold” to “strong sell,” contrasting with the broader analyst consensus of “Moderate Buy,” supported by four Buy ratings and an average price target of $116.50.
• Liberty Media’s latest quarter fell short of expectations: EPS was $0.02 versus a $0.24 consensus estimate, while revenue of $934 million missed estimates of approximately $952.8 million.
• FWONK shares opened at $102.85, up 3.2%, with a market capitalization of $23.05 billion; institutional investors own 92.26% of the stock, while recent insider sales reduced certain executives’ holdings.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "strong sell" rating in a report released on Saturday.

A number of other research analysts have also weighed in on FWONK. Sanford C. Bernstein raised their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $119.00 and gave the company an "outperform" rating in a research note on Tuesday, July 28th. UBS Group boosted their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday. Bank of America upped their target price on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, July 6th. JPMorgan Chase & Co. raised their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $124.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C currently has a consensus rating of "Moderate Buy" and an average price target of $116.50.

Liberty Media Corporation - Liberty Formula One Series C Stock Up 3.2%

Shares of NASDAQ:FWONK opened at $102.85 on Friday. Liberty Media Corporation - Liberty Formula One Series C has a twelve month low of $80.15 and a twelve month high of $109.36. The stock's 50 day moving average is $94.78 and its 200-day moving average is $90.13. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 151.25 and a beta of 0.43.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.22). The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $952.78 million. Equities research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Media Corporation - Liberty Formula One Series C

In other news, Director Chase Carey sold 100,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $90.28, for a total value of $9,028,000.00. Following the completion of the sale, the director owned 94,356 shares in the company, valued at $8,518,459.68. This represents a 51.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 11,597 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.09, for a total transaction of $1,044,773.73. Following the transaction, the insider directly owned 15,590 shares in the company, valued at $1,404,503.10. The trade was a 42.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Formula One Series C

A number of institutional investors have recently added to or reduced their stakes in the company. Silver Point Capital L.P. bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the 4th quarter worth approximately $302,000. Berkshire Hathaway Inc bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter valued at approximately $297,358,000. Naya Capital Management UK Ltd. bought a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter valued at approximately $208,238,000. Norges Bank purchased a new stake in shares of Liberty Media Corporation - Liberty Formula One Series C during the fourth quarter valued at approximately $195,762,000. Finally, Bank of America Corp DE increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 43.2% during the first quarter. Bank of America Corp DE now owns 4,561,809 shares of the company's stock valued at $387,845,000 after acquiring an additional 1,376,984 shares during the last quarter. 92.26% of the stock is owned by institutional investors.

More Liberty Media Corporation - Liberty Formula One Series C News

Here are the key news stories impacting Liberty Media Corporation - Liberty Formula One Series C this week:

• Positive Sentiment: JPMorgan raised its price target from $124 to $125 and maintained an overweight rating, implying substantial upside and signaling continued confidence in Formula One’s long-term growth prospects. Benzinga analyst update
• Positive Sentiment: UBS increased its price target from $104 to $110. Although it retained a neutral rating, the higher valuation suggests improved expectations for FWONK’s earnings or business outlook. Benzinga analyst update
• Positive Sentiment: Wells Fargo lifted its target from $97 to $105 while maintaining an equal-weight rating. The revision provides modest upside support despite a cautious overall stance. Benzinga analyst update
• Neutral Sentiment: Liberty Media reported its second-quarter 2026 financial and operating results and discussed them during its earnings call. The available reports did not provide additional details beyond the earnings figures. Second-quarter financial and operating results
• Negative Sentiment: Second-quarter earnings and revenue missed analyst expectations. FWONK reported adjusted earnings of $0.02 per share versus estimates ranging from $0.16 to $0.24, while revenue of $934 million fell short of the approximately $953 million consensus. Earnings also declined sharply from $1.52 per share a year earlier, creating a fundamental headwind for the stock. Zacks second-quarter earnings report

About Liberty Media Corporation - Liberty Formula One Series C

Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK is a tracking stock that represents Liberty Media's economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world's largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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