Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK) Upgraded at The Goldman Sachs Group

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group to a "buy" rating in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a $120.00 price target on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 15.58% from the stock's current price.

Several other equities research analysts have also recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target 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. Guggenheim boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $104.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen lowered Liberty Media Corporation - Liberty Formula One Series C from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Rosenblatt Securities boosted their price target on Liberty Media Corporation - Liberty Formula One Series C from $102.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $107.25.

Liberty Media Corporation - Liberty Formula One Series C Price Performance

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $0.77 during midday trading on Tuesday, reaching $103.83. The company had a trading volume of 511,198 shares, compared to its average volume of 1,200,255. The stock has a fifty day moving average price of $100.29 and a 200 day moving average price of $93.87. The firm has a market cap of $25.90 billion, a PE ratio of -259.57 and a beta of 0.47. Liberty Media Corporation - Liberty Formula One Series C has a fifty-two week low of $72.69 and a fifty-two week high of $106.26.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.23. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $440.80 million. As a group, sell-side analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current 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 Liberty Media Corporation - Liberty Formula One Series C 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 transaction, the director directly owned 93,102 shares of the company's stock, valued at $8,807,449.20. The trade was a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. GW&K Investment Management LLC bought a new position in Liberty Media Corporation - Liberty Formula One Series C in the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at about $29,000. Western Pacific Wealth Management LP grew its position in Liberty Media Corporation - Liberty Formula One Series C by 71.4% during the 2nd quarter. Western Pacific Wealth Management LP now owns 1,200 shares of the company's stock valued at $125,000 after purchasing an additional 500 shares during the last quarter. Versant Capital Management Inc grew its position in Liberty Media Corporation - Liberty Formula One Series C by 1,378.8% during the 1st quarter. Versant Capital Management Inc now owns 2,159 shares of the company's stock valued at $194,000 after purchasing an additional 2,013 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in Liberty Media Corporation - Liberty Formula One Series C during the 2nd quarter valued at about $222,000. 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.