Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Hits New 1-Year High - Still a Buy?

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $104.52 and last traded at $104.28, with a volume of 1343422 shares. The stock had previously closed at $103.46.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Susquehanna boosted their price objective on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the company a "positive" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on 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. Wall Street Zen cut Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Morgan Stanley lowered their price objective on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, Seaport Res Ptn upgraded 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. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Liberty Media Corporation - Liberty Formula One Series C currently has a consensus rating of "Hold" and a consensus target price of $101.83.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

The company has a market cap of $26.26 billion, a PE ratio of -263.18 and a beta of 0.42. The company has a fifty day moving average price of $95.82 and a 200 day moving average price of $92.76.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.23. The business had revenue of $447.00 million for the quarter, compared to analysts' expectations of $440.80 million. As a group, sell-side analysts predict that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current fiscal year.

Insider Transactions at Liberty Media Corporation - Liberty Formula One Series C

In other Liberty Media Corporation - Liberty Formula One Series C news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the completion of the sale, the director now owns 93,102 shares of the company's stock, valued at $8,807,449.20. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.31% of the stock is owned by insiders.

Institutional Trading of Liberty Media Corporation - Liberty Formula One Series C

Hedge funds and other institutional investors have recently bought and sold shares of the company. GW&K Investment Management LLC purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C in the first quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in 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 worth $194,000 after buying an additional 2,013 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in 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 worth $382,000 after buying an additional 779 shares in the last quarter. Allstate Corp purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter worth approximately $571,000. Finally, Praxis Investment Management Inc. boosted its stake in 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 worth $888,000 after buying 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

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.