Bank of America assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm set a "neutral" rating and a $110.00 price target on the stock. Bank of America's target price would indicate a potential upside of 11.18% from the stock's current price.
FWONK has been the topic of a number of other research reports. Susquehanna lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Rosenblatt Securities lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Guggenheim lifted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded 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. Finally, Wells Fargo & Company boosted their target price 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.56.
Check Out Our Latest Report on FWONK
Liberty Media Corporation - Liberty Formula One Series C Stock Down 1.4%
NASDAQ:FWONK opened at $98.94 on Monday. 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 firm has a market cap of $24.68 billion, a price-to-earnings ratio of -247.35 and a beta of 0.46. The company's 50 day moving average is $100.94 and its 200-day moving average is $94.37.
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 earnings per share (EPS) for the quarter, topping 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. Research analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.
Insider Activity
In related news, Director Chase Carey sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 93,102 shares of the company's stock, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hedge Funds Weigh In On Liberty Media Corporation - Liberty Formula One Series C
A number of large investors have recently bought and sold shares of FWONK. Greenwood Gearhart Inc. boosted its position in Liberty Media Corporation - Liberty Formula One Series C by 2.7% during the 4th quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock worth $16,764,000 after acquiring an additional 4,761 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock valued at $37,529,000 after buying an additional 4,897 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock valued at $32,518,000 after buying an additional 6,297 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% in the first 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. Finally, Praxis Investment Management Inc. grew its stake 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 buying an additional 950 shares in 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
(
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.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Liberty Media Corporation - Liberty Formula One Series C, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Media Corporation - Liberty Formula One Series C wasn't on the list.
While Liberty Media Corporation - Liberty Formula One Series C currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.