Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) Stock Has Average Price Target of $114.67

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $114.67.

FWONA has been the subject of a number of research analyst reports. Citigroup restated a “market outperform” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Media Corporation – Liberty Formula One Series A in a research note on Monday, September 21st. Finally, Guggenheim boosted their price objective on Liberty Media Corporation – Liberty Formula One Series A from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 14th.

Liberty Media Corporation – Liberty Formula One Series A Stock Up 1.3%

Shares of NASDAQ FWONA opened at $101.01 on Friday. The business has a fifty day simple moving average of $86.89 and a two-hundred day simple moving average of $84.65. Liberty Media Corporation – Liberty Formula One Series A has a twelve month low of $73.70 and a twelve month high of $102.00. The firm has a market cap of $25.30 billion, a PE ratio of 116.10 and a beta of 0.52.

Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.13). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Formula One Series A by 3.9% in the 1st quarter. QRG Capital Management Inc. now owns 3,441 shares of the company’s stock valued at $269,000 after purchasing an additional 128 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 11.0% in the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $127,000 after acquiring an additional 148 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Liberty Media Corporation – Liberty Formula One Series A by 1.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,507 shares of the company’s stock worth $1,757,000 after purchasing an additional 213 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Liberty Media Corporation – Liberty Formula One Series A by 4.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,476 shares of the company’s stock valued at $489,000 after buying an additional 244 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Liberty Media Corporation – Liberty Formula One Series A by 8.5% in the 3rd quarter. State of Wyoming now owns 3,586 shares of the company’s stock worth $303,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 8.38% of the company’s stock.

About Liberty Media Corporation – Liberty Formula One Series A

Liberty Media Corporation’s Liberty Formula One Series A common stock represents an economic interest in the company’s Formula One Group, which owns the commercial rights to the FIA Formula One World Championship. The Formula One Group is responsible for promoting the championship and managing its commercial activities, including media and broadcasting rights, sponsorships, race promotion and other related partnerships.

Formula One is a global motorsports series featuring the Formula 1 World Championship and associated events.