Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Receives $109.89 Consensus Target Price from Analysts

Key Points

• Analysts have given Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) an average rating of "Moderate Buy", with one sell rating, three hold ratings, six buy ratings, and one strong buy rating.
• UBS Group and JPMorgan Chase & Co. have recently raised their price targets for the stock, now at $107.00 and $108.00 respectively, with Goldman Sachs maintaining a buy rating and setting a price target of $120.00.
• The company's stock recently opened at $95.17 and has a market cap of $21.28 billion, with reported earnings per share of $1.52 for the last quarter, exceeding expectations.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $109.8889.

Several equities research analysts recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $120.00 target price on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their price objective on Liberty Media Corporation - Liberty Formula One Series C from $87.00 to $86.00 and set an "underweight" rating on the stock in a report on Friday, August 8th. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 4.9% during the second quarter. Schroder Investment Management Group now owns 8,656,971 shares of the company's stock valued at $904,653,000 after buying an additional 402,705 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 3.4% during the second quarter. Geode Capital Management LLC now owns 3,846,280 shares of the company's stock valued at $400,694,000 after buying an additional 126,501 shares in the last quarter. Norges Bank purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C during the second quarter valued at $208,588,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,916,759 shares of the company's stock valued at $200,301,000 after buying an additional 12,466 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 15.8% during the second quarter. TD Asset Management Inc now owns 1,103,812 shares of the company's stock valued at $115,348,000 after buying an additional 150,295 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 1.1%

Shares of FWONK traded down $1.06 during trading hours on Tuesday, reaching $98.99. 333,015 shares of the company traded hands, compared to its average volume of 1,190,177. The stock has a fifty day simple moving average of $101.15 and a 200 day simple moving average of $94.67. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $74.34 and a fifty-two week high of $106.26. The stock has a market capitalization of $22.14 billion, a PE ratio of 96.98 and a beta of 0.46.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.71. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Research analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

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.