Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Receives $112.33 Consensus PT from Brokerages

Shares of Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $112.3333.

FWONK has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Liberty Media Corporation – Liberty Formula One Series C from $86.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a research report on Monday, December 29th. Wall Street Zen cut Liberty Media Corporation – Liberty Formula One Series C from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd.

Liberty Media Corporation – Liberty Formula One Series C Stock Down 1.2%

Shares of NASDAQ:FWONK opened at $90.28 on Friday. The stock has a market capitalization of $22.57 billion, a PE ratio of 115.75 and a beta of 0.47. The firm’s 50 day moving average price is $96.36 and its 200-day moving average price is $99.64. Liberty Media Corporation – Liberty Formula One Series C has a twelve month low of $75.26 and a twelve month high of $109.36.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.18). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Analysts expect 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, insider Renee L. Wilm sold 11,200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $91.89, for a total value of $1,029,168.00. Following the completion of the sale, the insider directly owned 21,037 shares of the company’s stock, valued at $1,933,089.93. This represents a 34.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 368,363 shares of company stock valued at $36,650,423 over the last three months. 4.31% of the stock is currently owned by insiders.

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

Several large investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in Liberty Media Corporation – Liberty Formula One Series C by 1.9% during the second quarter. US Bancorp DE now owns 5,866 shares of the company’s stock valued at $613,000 after buying an additional 110 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.0% during the 2nd quarter. Blair William & Co. IL now owns 6,016 shares of the company’s stock worth $629,000 after acquiring an additional 118 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 2.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,287 shares of the company’s stock valued at $552,000 after acquiring an additional 119 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 6.1% in the third quarter. Compound Planning Inc. now owns 2,094 shares of the company’s stock valued at $219,000 after purchasing an additional 121 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 4.7% in the third quarter. Yousif Capital Management LLC now owns 2,741 shares of the company’s stock valued at $286,000 after purchasing an additional 124 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Formula One Series C

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ: FWONK) is a tracking stock that represents Liberty Media’s economic interest in the Formula One Group, the commercial operator of the FIA Formula One World Championship. Liberty Media is a diversified media and entertainment company that owns and manages a portfolio of media, communications and entertainment businesses. The Formula One Group conducts the commercial activities of one of the world’s largest motor sports properties, packaging live races, media rights, sponsorships, licensing and related consumer products around a global sporting calendar.

The Formula One business comprises the sale and distribution of broadcast and digital media rights, race promotion and event management, sponsorship and brand partnerships, merchandising and licensing, and direct-to-consumer digital products and services.