Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Receives Average Rating of "Moderate Buy" 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 an average recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $109.8889.

Several analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Liberty Media Corporation - Liberty Formula One Series C from $87.00 to $86.00 and set an "underweight" rating for the company in a report on Friday, August 8th. Rosenblatt Securities lifted their price objective 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. Guggenheim boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Bank of America began coverage on Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, August 4th. They issued a "neutral" rating and a $110.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Liberty Media Corporation - Liberty Formula One Series C in a research report on Tuesday, July 22nd.

Liberty Media Corporation - Liberty Formula One Series C Trading Up 1.0%

FWONK traded up $0.94 during mid-day trading on Tuesday, hitting $99.61. 45,414 shares of the stock were exchanged, compared to its average volume of 1,184,712. The firm's fifty day moving average is $101.17 and its two-hundred day moving average is $94.71. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $74.34 and a 1-year high of $106.26. The company has a market cap of $22.28 billion, a PE ratio of 97.71 and a beta of 0.46.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.71. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

Institutional investors have recently bought and sold shares of the stock. Greenwood Gearhart Inc. grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 2.7% in the fourth quarter. Greenwood Gearhart Inc. now owns 180,921 shares of the company's stock valued at $16,764,000 after purchasing an additional 4,761 shares during the last quarter. Public Employees Retirement System of Ohio lifted 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 during the period. California State Teachers Retirement System lifted 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 during the period. Versant Capital Management Inc lifted 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 during the period. Finally, HighPoint Advisor Group LLC lifted its stake 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 buying an additional 779 shares during the period. 92.26% of the stock is currently owned by institutional investors.

Liberty Media Corporation - Liberty Formula One Series C Company Profile

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.