Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Stock Price Expected to Rise, Susquehanna Analyst Says

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Free Report) had its price target boosted by Susquehanna from $115.00 to $121.00 in a report issued on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research firms also recently commented on FWONK. Seaport Res Ptn upgraded Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 16th. JPMorgan Chase & Co. upped their target price on shares of 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. Wells Fargo & Company cut their price target 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. Rosenblatt Securities boosted their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Sanford C. Bernstein raised shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Two investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $101.83.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

NASDAQ:FWONK traded down $1.19 during midday trading on Wednesday, reaching $103.80. The stock had a trading volume of 809,010 shares, compared to its average volume of 1,226,303. The stock has a market capitalization of $25.89 billion, a P/E ratio of -259.50 and a beta of 0.42. Liberty Media Corporation - Liberty Formula One Series C has a 1-year low of $70.31 and a 1-year high of $106.00. The firm's fifty day simple moving average is $94.93 and its 200-day simple moving average is $92.57.

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 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $440.80 million. On average, equities research analysts anticipate that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 earnings per share for the current fiscal year.

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

In other news, Director Chase Carey sold 50,000 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FWONK. Public Employees Retirement System of Ohio grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock valued at $37,529,000 after purchasing an additional 4,897 shares during the period. California State Teachers Retirement System lifted its stake in 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. 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 valued at $16,764,000 after buying an additional 4,761 shares during the period. Russell Investments Group Ltd. increased its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the first quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after acquiring an additional 23,809 shares in the last quarter. Finally, Hahn Capital Management LLC raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 47.7% during the fourth 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 during the period. 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.