Brokerages Set Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Price Target at $118.00

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $118.00.

Several equities analysts have weighed in on FWONK shares. Wall Street Zen lowered Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. Bank of America boosted their price objective on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on shares of 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. UBS Group raised their price objective on Liberty Media Corporation – Liberty Formula One Series C from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th.

Insider Transactions at Liberty Media Corporation – Liberty Formula One Series C

In other Liberty Media Corporation – Liberty Formula One Series C news, insider Renee L. Wilm sold 11,597 shares of the business’s 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 sale, the insider owned 15,590 shares in the company, valued at approximately $1,404,503.10. The trade was a 42.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.31% of the company’s stock.

Institutional Trading of Liberty Media Corporation – Liberty Formula One Series C

A number of institutional investors have recently made changes to their positions in FWONK. Franklin Resources Inc. increased its stake in Liberty Media Corporation – Liberty Formula One Series C by 265.1% in the 4th quarter. Franklin Resources Inc. now owns 1,159,292 shares of the company’s stock valued at $114,192,000 after buying an additional 841,729 shares during the last quarter. Berkshire Hathaway Inc bought a new position in shares of Liberty Media Corporation – Liberty Formula One Series C in the 4th quarter valued at about $297,358,000. Braun Stacey Associates Inc. grew its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 5.3% in the 1st quarter. Braun Stacey Associates Inc. now owns 276,480 shares of the company’s stock valued at $23,506,000 after acquiring an additional 14,039 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,558 shares of the company’s stock valued at $21,231,000 after acquiring an additional 17,102 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 21.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 97,236 shares of the company’s stock valued at $8,248,000 after acquiring an additional 17,405 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Trading Down 0.3%

Shares of NASDAQ FWONK opened at $101.80 on Friday. Liberty Media Corporation – Liberty Formula One Series C has a 1 year low of $80.15 and a 1 year high of $109.36. The firm’s 50-day moving average is $99.13 and its 200-day moving average is $91.79. The firm has a market capitalization of $22.84 billion, a PE ratio of 149.71 and a beta of 0.43.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.22). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $952.78 million. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2 earnings per share for the current fiscal year.

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.