Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $93.44 and traded as high as $103.80. Liberty Media Corporation - Liberty Formula One Series C shares last traded at $103.46, with a volume of 1,712,680 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $83.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, February 28th. Wall Street Zen cut shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Liberty Media Corporation - Liberty Formula One Series C from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Susquehanna assumed coverage on shares of Liberty Media Corporation - Liberty Formula One Series C in a report on Monday, April 28th. They set a "positive" rating and a $115.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $100.83.

Liberty Media Corporation - Liberty Formula One Series C Stock Up 1.5%

The firm's 50-day moving average price is $93.44 and its 200-day moving average price is $92.33. The company has a market cap of $25.81 billion, a P/E ratio of -258.65 and a beta of 0.42.

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, beating the consensus estimate of ($0.18) by $0.23. The firm had revenue of $447.00 million for the quarter, compared to analysts' expectations of $440.80 million. As a group, analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current year.

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

In related news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 now directly owns 93,102 shares in the company, valued at $8,807,449.20. This represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.31% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hahn Capital Management LLC increased its stake in shares of Liberty Media Corporation - Liberty Formula One Series C by 47.7% in the 4th quarter. Hahn Capital Management LLC now owns 67,197 shares of the company's stock worth $6,226,000 after acquiring an additional 21,699 shares in the last quarter. Allstate Corp purchased a new position in shares of Liberty Media Corporation - Liberty Formula One Series C in the fourth quarter worth approximately $571,000. Greenwood Gearhart Inc. boosted its holdings 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 worth $16,764,000 after buying an additional 4,761 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings 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 worth $37,529,000 after buying an additional 4,897 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Liberty Media Corporation - Liberty Formula One Series C by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 350,938 shares of the company's stock worth $32,518,000 after acquiring an additional 6,297 shares during the period. 92.26% of the stock is currently owned by institutional investors.

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.

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