Susquehanna Has Lowered Expectations for Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) Stock Price

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) had its price target decreased by analysts at Susquehanna from $114.00 to $110.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 21.13% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Formula One Series C from a “hold” rating to a “strong-buy” rating in a report on Tuesday. UBS Group boosted their price target 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 report on Friday, August 7th. Guggenheim upped their price target on Liberty Media Corporation – Liberty Formula One Series C from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. raised their price target on Liberty Media Corporation – Liberty Formula One Series C from $124.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company reduced their price target on shares of Liberty Media Corporation – Liberty Formula One Series C from $105.00 to $96.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.50.

Liberty Media Corporation – Liberty Formula One Series C Price Performance

NASDAQ:FWONK opened at $90.81 on Friday. The firm’s 50-day moving average price is $97.52 and its 200-day moving average price is $93.94. The company has a market capitalization of $20.37 billion, a PE ratio of 133.68 and a beta of 0.46. Liberty Media Corporation – Liberty Formula One Series C has a 1-year low of $80.15 and a 1-year high of $107.31.

Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK) last issued its quarterly earnings results 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 company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $952.78 million. Equities analysts anticipate that Liberty Media Corporation – Liberty Formula One Series C will post 2.00 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in Liberty Media Corporation – Liberty Formula One Series C by 2.9% during the first quarter. Janus Henderson Group PLC now owns 10,883,212 shares of the company’s stock valued at $925,299,000 after purchasing an additional 302,191 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Media Corporation – Liberty Formula One Series C by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,311,086 shares of the company’s stock worth $505,297,000 after buying an additional 645,996 shares during the last quarter. Bank of America Corp DE raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 43.2% during the 1st quarter. Bank of America Corp DE now owns 4,561,809 shares of the company’s stock valued at $387,845,000 after buying an additional 1,376,984 shares in the last quarter. Junto Capital Management LP raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 178.1% during the 2nd quarter. Junto Capital Management LP now owns 1,707,281 shares of the company’s stock valued at $162,431,000 after buying an additional 1,093,372 shares in the last quarter. Finally, Hawk Ridge Capital Management LP raised its position in shares of Liberty Media Corporation – Liberty Formula One Series C by 38.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,849,660 shares of the company’s stock valued at $157,258,000 after buying an additional 518,300 shares in the last quarter. Institutional investors own 92.26% of the company’s stock.

Liberty Media Corporation – Liberty Formula One Series C Company Profile

Liberty Media Corporation’s Liberty Formula One Series C represents a non-voting tracking stock associated with the company’s Formula One Group. The group’s principal business is the ownership and operation of Formula 1, the international motorsport championship, through its control of the championship’s commercial rights.

Formula 1 generates revenue through broadcast and digital media rights, race-promotion agreements, sponsorships, hospitality, licensing and other commercial partnerships.