Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Given New $121.00 Price Target at Susquehanna

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

FWONK has been the topic of several other reports. Morgan Stanley decreased their price target on shares of Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Rosenblatt Securities upped their price target on shares of 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. Sanford C. Bernstein upgraded Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research note on Wednesday, June 4th. 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. Finally, JPMorgan Chase & Co. upped their target price 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Liberty Media Corporation - Liberty Formula One Series C currently has an average rating of "Hold" and a consensus target price of $101.83.

Liberty Media Corporation - Liberty Formula One Series C Stock Performance

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded up $0.48 on Wednesday, reaching $105.27. 1,409,075 shares of the stock were exchanged, compared to its average volume of 1,223,595. The firm has a market cap of $26.26 billion, a PE ratio of -263.18 and a beta of 0.42. The firm's 50 day moving average is $95.82 and its 200-day moving average is $92.76. Liberty Media Corporation - Liberty Formula One Series C has a one year low of $70.31 and a one year high of $106.00.

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

Insider Buying and Selling 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 firm's stock in a transaction that occurred 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 transaction, the director now owns 93,102 shares in the company, valued at approximately $8,807,449.20. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.31% of the company's stock.

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

Several institutional investors and hedge funds have recently made changes to their positions in FWONK. Public Employees Retirement System of Ohio raised its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% during 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 purchasing an additional 4,897 shares during the period. California State Teachers Retirement System increased its position in Liberty Media Corporation - Liberty Formula One Series C by 1.8% in the 4th 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. raised its stake in Liberty Media Corporation - Liberty Formula One Series C by 2.7% during the 4th 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 period. Russell Investments Group Ltd. raised its stake in Liberty Media Corporation - Liberty Formula One Series C by 22.7% during the 1st quarter. Russell Investments Group Ltd. now owns 128,702 shares of the company's stock worth $11,570,000 after buying an additional 23,809 shares during the period. Finally, Hahn Capital Management LLC boosted its holdings in Liberty Media Corporation - Liberty Formula One Series C by 47.7% in 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 in the last quarter. Institutional investors own 92.26% of the company's stock.

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.