Liberty Media Corporation - Liberty Formula One Series C's (FWONK) Buy Rating Reaffirmed at The Goldman Sachs Group

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at The Goldman Sachs Group in a research report issued on Tuesday, July 22nd, Marketbeat Ratings reports. They presently have a $120.00 price target on the stock. The Goldman Sachs Group's target price points to a potential upside of 18.51% from the company's current price.

Several other equities research analysts have also weighed in on FWONK. Susquehanna raised their target price on Liberty Media Corporation - Liberty Formula One Series C from $115.00 to $121.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Guggenheim increased their price objective 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, July 22nd. 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 report on Wednesday, May 21st. Rosenblatt Securities increased 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 report on Wednesday, June 4th. Finally, Sanford C. Bernstein raised Liberty Media Corporation - Liberty Formula One Series C to a "hold" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.25.

Liberty Media Corporation - Liberty Formula One Series C Stock Down 1.0%

Shares of Liberty Media Corporation - Liberty Formula One Series C stock traded down $1.06 on Tuesday, reaching $101.26. 619,491 shares of the stock were exchanged, compared to its average volume of 1,194,398. Liberty Media Corporation - Liberty Formula One Series C has a twelve month low of $72.69 and a twelve month high of $106.26. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of -253.15 and a beta of 0.47. The business has a 50 day moving average price of $100.66 and a two-hundred day moving average price of $94.11.

Liberty Media Corporation - Liberty Formula One Series C (NASDAQ:FWONK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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. Research analysts forecast that Liberty Media Corporation - Liberty Formula One Series C will post 1.36 EPS for the current year.

Insider Buying and Selling

In related news, Director Chase Carey sold 50,000 shares of the 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 transaction, the director owned 93,102 shares in the company, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

A number of institutional investors and hedge funds have recently modified their holdings of FWONK. TD Asset Management Inc grew its position in shares of Liberty Media Corporation - Liberty Formula One Series C by 15.8% during the 2nd quarter. TD Asset Management Inc now owns 1,103,812 shares of the company's stock worth $115,348,000 after purchasing an additional 150,295 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Liberty Media Corporation - Liberty Formula One Series C by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 405,019 shares of the company's stock worth $37,529,000 after acquiring an additional 4,897 shares during the period. California State Teachers Retirement System lifted its holdings in shares of 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. Cooper Investors PTY Ltd. lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 6.6% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 202,538 shares of the company's stock valued at $21,165,000 after purchasing an additional 12,580 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Liberty Media Corporation - Liberty Formula One Series C by 0.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 193,040 shares of the company's stock valued at $19,655,000 after purchasing an additional 694 shares during the last quarter. 92.26% of the stock is 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.