Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target Raised to $134.00

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target raised by Guggenheim from $125.00 to $134.00 in a research note published on Monday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group upped their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Sanford C. Bernstein raised their target price on shares of Liberty Media Corporation – Liberty Formula One Series C from $115.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series C in a report on Wednesday, July 29th. Bank of America upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Liberty Media Corporation – Liberty Formula One Series C Stock Up 2.8%

Liberty Media Corporation – Liberty Formula One Series C stock opened at $104.84 on Monday. Liberty Media Corporation – Liberty Formula One Series C has a 52-week low of $80.15 and a 52-week high of $109.36. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 154.18 and a beta of 0.43. The company has a fifty day simple moving average of $97.20 and a 200-day simple moving average of $90.95.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $952.78 million. On average, research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 11,597 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.09, for a total value of $1,044,773.73. Following the completion of the transaction, the insider directly owned 15,590 shares in the company, valued at approximately $1,404,503.10. This represents a 42.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Chase Carey sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.28, for a total value of $9,028,000.00. Following the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $8,518,459.68. This trade represents a 51.45% decrease in their position. The SEC filing for this sale provides additional information. 4.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Formula One Series C

Large investors have recently modified their holdings of the business. Zions Bancorporation National Association UT increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 172.5% during the 4th quarter. Zions Bancorporation National Association UT now owns 297 shares of the company’s stock worth $29,000 after purchasing an additional 188 shares during the last quarter. Allied Private Wealth LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the second quarter worth about $32,000. Advisory Services Network LLC purchased a new position in Liberty Media Corporation – Liberty Formula One Series C during the third quarter worth about $34,000. Headlands Technologies LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $38,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series C during the second quarter valued at about $39,000. Institutional investors and hedge funds own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

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.